Business Money Market Account
- Open an account with an initial deposit of $500.00
- Competitive rates paid on tiered balance levels*
- Minimum balance to avoid monthly maintenance fee is $500.00
- $25 monthly maintenance fee if minimum balance is not maintained**
- Free online banking (excludes bill pay)
- Excess transaction or withdrawal fee: $15.00 per item if maximum allowed is exceeded***
* Interest is calculated on the daily account balance.
** A deposited item fee of $.25 will be charged for each item deposited in excess of 50 during each statement cycle.
*** You may make no more than six (6) transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle (or similar period) of at least four (4) weeks, to another account of the same depositor at the same bank (including a transaction account) or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. These limitations are defined by federal regulations, and we are required to take action if a depositor exceeds the number of transfers or withdrawals allowed.