Money Market Demand Account

As a business owner we know every little bit can help your cash flow, so why not try a money market demand account that earns monthly interest? Contact your local branch for more details today!

 

Commercial Money Market Demand Account

Required opening balance

$1,000.00

Monthly minimum balance

$1,000.00

Activity Fees

$7.50 service charge per month if balance falls below minimum at any time during the statement cycle

Interest Bearing

Interest paid monthly*

Special Features

Number of checks limited per month

Monthly statements with images

Regulation D applies**

*Interest is accrued daily on collected balances at current market rates (subject to change) and paid monthly. At our discretion, we may change the interest rate and annual percentage yield on your account at any time. Interest begins to accrue on the business day you deposit cash or non-cash items. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If you close your account, the accrued interest will be paid.

** Regulation D transaction limitations: Limitations to the Commercial Money Market Demand Accounts apply to preauthorized transfers, automatic transfers, telephone transfers, computer transfers, checks drafts, debit card transactions, or by similar order to third parties are limited to no more than six per statement cycle. Transaction limitations do not apply to transfers or withdrawals made by mail, messenger, ATM, or in person. If you exceed the transfer limitations set forth above, your account will be subject to change or closure.

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