Interest is compounded daily. There is a $10 monthly maintenance fee that is waived when you maintain the required minimum daily balance. Regardless of balance there is a $0.20 per check deposited over 50 per month or monthly statement cycle.
1By law, certain types of withdrawals are limited. Withdrawals over the limits are excess activity. You may make up to a combined total of six withdrawals per monthly statement cycle (or calendar month if you receive a quarterly statement) by either check, draft, debit-card purchase or similar order (if available on the account) telephone, automatic or pre-authorized transfer to another of your accounts with us or to a third party. Such transfers include those made by Telephone Banking, Online Banking, and transfers from your savings account to cover overdrafts. The excess activity fee will be assessed each time you exceed any of these limits.
Business Money Market Accounts
Whether you’re a startup or established in our community, our money market savings accounts1 can help boost your bottom line by earning a competitive interest rate on your excess funds. Let us help you choose the account that is best for your business.
- $10,000 opening balance
- Interest rate tiers at: $10,000; $25,000; $50,000; $100,000; and $250,000.
Money Market Savings
- $2,500 opening balance
- Interest rate tiers at: $2,500; $25,000; $50,000; $100,000