NEW! Premium Interest for Business Customers
Business Rewards
Money Market Index Account
This account is available to businesses that ...
• Have a current Business Checking account or Business Loan with us*
• Have filed with the Secretary of State as a valid business*
Guaranteed rate for 1 year from account opening 0.75% APY**
$25,000 minimum balance to earn interest and avoid service charge.
1-year guaranteed rate from account opening contingent on
qualifications and balance.
Interest rate tiers after the first year ...
Daily Balance | Interest Rate Information |
---|---|
$25,000-$74,999.99 | Based on 40% of 13-week T-bill rate |
$75,000-$149,999.99 | Based on 50% of 13-week T-bill rate |
$150,000-$249,999.99 | Based on 60% of 13-week T-bill rate |
$250,000 or more | Based on 75% of 13-week T-bill rate |
The higher your balance, the more you earn!
Why your business needs a Money Market account
Whether you are saving for a planned purchase or want savings for an unexpected event, our Business Rewards Money Market Index account is a hassle-free way to grow your funds. You can maximize your savings and earn interest, while still having easy access to your funds through Online and Mobile Banking.
You also enjoy …
- Free Digital Banking Services
- e-Statements
Open your account today!
*If the business does not meet these qualifications, they have 30 days to comply or the account will be converted to a non-interest-bearing account.
**APY = Annual Percentage Yield. One year after account opening, your rate may change at any time and will be contingent on qualifications and on the daily balance in your account. $25,000 minimum daily balance to earn interest and avoid monthly service charges. $25 service charge if the balance falls below $25,000 any day of the statement cycle. Transfers from this account to another account or to third parties by pre-authorized, automatic, telephone, or computer transfer or by check, draft, or similar order are limited to six per month. If more than six transfers during the month, $10 fee per transfer over six. No charge for e-Statements, $2 fee per month for paper statements.
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