Money Market Account

Recommended if:

• Can invest at least $1,000
• Cannot commit your business funds for a specific period of time
• Want limited check access to your investment fund
• Want to earn higher interest as you increase your balance.

Benefits:

• You can earn interest on your business deposits.
• Good liquidity with no minimum investment period and limited check access.
• In-person withdrawals do not count in six-debit limit, which provides more access to funds.

Important Facts:

• Minimum to open: $1,000
• Interest is compounded and paid monthly
• Can make 6 transfers by preauthorized, automatic, check or draft to third parties
• Monthly statement
• For average daily balances of $1000 or more, there will be no monthly maintenance fee

Fees:

• Maintenance Fee: $6 per month maintenance fee if average daily collected daily balance falls below $1000.
• Withdrawal fee: $5 each after 6 per statement cycle.