Commercial Banking |
Home |
Commercial Money Market Advantage Checking
Account Details
Minimum to Open
$25,000.00
Rate Information
This account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Schedule. The interest rate/tier and annual percentage yield may change daily. The interest rate and annual percentage yield depend upon the applicable rate tier. The interest rate will apply only to the portion of the daily balance that is within the applicable tier. Interest begins to accrue on the first business day of your deposit. Interest is compounded and credited monthly on the last business day of the month. Commercial Money Market Advantage Checking accounts have an average daily balance requirement of $25,000.00 to earn the highest rate. Accounts that do not meet this balance requirement will earn a lower rate as disclosed on the Rate Schedule.
Balance Information
We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Account Fees
A monthly service charge will be assessed if the daily balance in the account falls below $25,000.00 any day during the statement cycle.
Related Account fees are found in the Schedule of Fees. Fees could reduce earnings.
Limitations
Application required for Online Business Banking (fees may apply). Fees may apply for additional services. Money Management not available for business accounts. One account per tax ID number. If Commercial Money Market Advantage account is used as a sweep account, checks are not issued for this account.
Additional Services
Business Online Banking offers the services needed to keep your business on track including, wires, ACH, Direct Connect, and more. Learn more.
Commercial Money Market Advantage Checking
Account Features
Visa® Business Debit Card Available
Online Business Banking (fees may apply)
Check Writing Privileges
Digital or Paper Monthly Statements
Online Check and Deposit Images
Check Images (front) Returned with Statements
Online Historical Statements
Email Deposit Notifications
Account Sweeps Available
Third-Party Bank by Mail Deposits
Business Online Banking is powerful, secure and offers the services you need to keep your business on track. Learn more.
Rates are for today,