Business needs can change at a moment’s notice. A money market lets you keep up with access to funds when you need it.
Key Features
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Tiered Interest
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Direct Check Writing Ability
-
Free Digital Banking
Details
- Better interest than regular savings
- Tiered interest; higher rates on larger balances
- Direct check writing ability
- 6 pre-authorized transfers (including checks) per month
- Minimum daily balance to earn interest $2,500
- Monthly service fee can be waived when certain requirements are met
- Free digital banking
- Free ATM card
Interest rates and Annual Percentage Yields are current as of March 6th, 2024 and are subject to change at the bank’s discretion.
| Promotion | Minimum Daily Balance | Tier | Rate | APY |
| High Yield Business MMDA Promo* | $10,000.00 | $2,500 to $249,999 | 2.37%/2.86% | 2.40%/2.90% |
| $250,000 to $999,999 | 3.59%/4.07% | 3.65%/4.15% | ||
| $1,000,000 and over | 3.93%/4.41% | 4.00%/4.50% |
*APY = Annual Percentage Yield. To receive the 0.50% bonus rate increase, shown above in bold, business must have an operating account carrying a minimum balance of $250,000 in a non-interest bearing account at MMDA opening.