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Money Market accounts can be used by any business or non-profit organization to earn a competitive rate of interest. Money Market accounts also allow three checks per month for convenient access to your cash. For other interest-bearing accounts check out our business savings accounts.
| Product Name |
Business High Yield Money Market |
| Brief Description |
A tiered interest-bearing account designed to pay competitive interest rates, with limited check writing privileges |
| Interest Compounding |
DAILY |
| Interest Rate Tiers |
$0-$24,999 |
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$25,000-$99,999 |
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$100,000-$249,999 |
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$250,000-$499,999 |
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$500,000 $ Over |
| Minimum to Open |
$2,500.00 |
| Monthly Maintenance Fee and Other Charges |
$12.50 Maintenance Fee & $0.12 for each item deposited; $10 excess debit fee may apply *** |
| Minimum Balance to avoid Maintenance Fee |
$2,500 average collected balance or $50,000 commercial loan balance |
| Other Charges |
** |
| ODP Available |
NO |
| Free VISA Check Card Available -Coming Soon |
YES |
| Free Online Banking Available |
YES |
| Free Automated Account Inquiry Access by Telephone |
YES |
| Images Provided with Statement |
YES |
| Five Interest Rate Tiers |
YES |
***Excess debit fees apply to the excess over six pre-authorized or telephonic transfers, three of which may be made by third party checks, per statement cycle.
Find out more about our business banking services by contacting our business banking specialists at (713) 358-9400 or visiting any one of our convenient locations.
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