Sandy Spring Bank has two Money Market accounts to meet your business' savings needs.

Premier Money Market Savings
Money Market Savings 
Market Index

 

Premier Money Market Savings

  • Interest is compounded daily
  • $10,000 opening balance
  • Interest rate tiers at: $10,000; $25,000; $50,000; $100,000; and $250,000.
  • A limited number of checks are permitted 1
  • $10 monthly maintenance fee
    This fee is waived in any month or monthly statement cycle that you maintain a $10,000 minimum daily ledger balance
  • Regardless of balance:
    $0.20 per check deposited over 50;
    $25 for excess activity1  

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Money Market Savings

  • Interest is compounded daily
  • $2,500 opening balance
  • Interest rate tiers at: $2,500; $25,000; $50,000; $100,000
  • A limited number of checks are permitted1
  • $10 monthly maintenance fee
    This fee is waived in any month or monthly statement cycle that you maintain a $2,500 minimum daily ledger balance
  • Regardless of balance:
    $0.20 per check deposited over 50;
    $25 for excess activity1 

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Market Index

  • Interest is compounded daily
  • Interest rate tiers at: $10,000; $25,000; $50,000; $100,000; and $250,000.
  • A limited number of checks are permitted1
  • The interest rate is indexed to an external rate
  • $10,000 Opening Deposit
  • $10 monthly maintenance fee
    This fee is waived in any month or monthly statement cycle that you maintain a $10,000 minimum daily ledger balance
  • Regardless of balance:
    $0.20 per check deposited over 50;
    $25 for excess activity1

 

Use ebiz Business Online Banking to manage your money market or market index account.

To open a Sandy Spring account:

 1 By law, certain types of withdrawals are limited. Withdrawals over the limits are excess activity. You may make up to a combined total of 6 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 Line, 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.

 

 

 

 

 

 

 

 

 

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