Money Market

You may open a Business Money Market Account with an initial deposit of $1,000.* Your money market account will earn a variable rate of interest based on the daily periodic rate and the principal in the account each day. Rates are set periodically and may change at any time.

The following tiers determine the rate of interest earned:

  • Less than $2,500
  • $2,500 – $9,999
  • $10,000 – $24,999
  • $25,000 or more

The higher your balance, the higher your rate of interest earned. Interest is compounded and credited to your account monthly, and for maximum benefits, interest begins to accrue on the business day you deposit non-cash items, such as checks.

*If your balance falls below $1,000 on any day of the statement cycle, a $5 maintenance fee will be assessed on your statement.

Contact Us for more information.