Business Savings
- Set aside funds for unexpected expenses or future initiatives
- Keep an Average Ledger Balance1 of $500.00 to avoid a $8.00 Monthly Service Charge
- Earn competitive interest2
Business Money Market
- Secure savings tool with higher interest rates than most standard savings accounts
- Keep a $2,500.00 Average Ledger Balance1 to avoid a $10.00 Monthly Service Charge
- Tiered Interest Rate on Daily Balance2
Premium Business Money Market
- Bundled3 with a Premium Business Checking to earn a tiered variable Interest Rate4 on Daily Balance based on Federal Funds Rate (“Index”) less a margin
1 Average ledger balance is calculated by adding the principal in the account for each day of the calendar month and dividing that figure by the number of days in the calendar month.
2 The interest rate and annual percentage yield will depend on the daily balance in the account, as shown on the Rate Chart provided at account opening. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (i.e., checks). Interest will be compounded daily and credited to the account monthly. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
3You must maintain a Premium Business Checking account to open a Premium Business Money Market account. Account ownership must be the same on both accounts to be eligible for the bundled account. If you do not maintain a Premium Business Checking account, we may change the interest rates and terms of your Premium Business Money Market account. We will provide you with a change in terms notification at least (30) days in advance of the effective date of the change.
4You must maintain a minimum daily balance of $25,000.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
5Third party data and internet rates may apply.