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, banks are permitted to limit certain types of withdrawals and transfers from your savings and money market accounts and charge an excess activity fee when you exceed such limits. The limitations apply to withdrawals by check, draft, debit card purchase or similar order (if available on the account), or telephone, or automatic or pre-authorized transfers to another of your accounts with us or to a third party. The limitations also apply to transfers made by Telephone Banking, Online Banking, or Mobile Banking and transfers from your savings or money market account to cover overdrafts. Due to federal regulation changes, we are currently not applying these limits or charging an excess activity fee.
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.
To open a Sandy Spring Bank Business Money Market Account, Request an Appointment or Visit a convenient branch.
Premier Money Market Savings »
- $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
Use Business Online Banking and Mobile Banking to manage your money market or market index account.