Municipal Checking Municipal Checking offers the convenience of monthly statements plus the added advantage of Government Banking Department Supervision. Competitive pricing of account services. Linking of multiple cash-management services. Earning credit on average available balances. The Municipal NOW account is an interest-bearing checking account with a tiered interest rate structure allowing you to earn a higher interest rate when you have a higher balance.
Interest is compounded monthly.
The account is structured with rate tiers to reward you for maintaining higher balances. The Indexer account provides guaranteed weekly market sensitivity and liquidity. The interest rate is 50 basis points below the average 3 month Treasury Bill discount rate. Telephone Transfer Transfers between BSB accounts can be requested over the telephone with the proper agreement in place. Wire Transfer BSB offers a wide variety of wire transfer services, including domestic and international wires.