Commercial Money Market Account
- $100 minimum deposit to open
- Tiered interest rate structure. Interest will be compounded daily, credited monthly, and paid on the collected balance. No minimum balance required to earn interest.
- $12 monthly maintenance fee; maintenance fee can be avoided by maintaining a $1,000 minimum daily collected balance or a $2,500 average collected balance.
- Federal regulations restrict the number of preauthorized, automatic, telephonic, Internet Banking, and facsimile transfers to six during a four week or similar period. Should you exceed the number of federally mandated transfers, you will be assessed a $5 fee for each debit that exceeds the limitations. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited and not subject to any excessive debit fee.
- Free Internet Banking
- Imaged monthly bank statement