Business Money Market 

Rate information: At our discretion, we may change the interest rate for this account. (Please refer to Rate Chart)

Compounding frequency: Interest will be compounded monthly.

Crediting frequency: Interest will be credited into this account monthly.

Effect of closing an account: If you close your account before interest is paid, you will not receive the accrued interest.

Daily balance computation method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on non-cash deposits: Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.

Minimum balance to open: The minimum balance required to open this account is $10,000.00.

Minimum balance to obtain the disclosed annual percentage yield: You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield.

Minimum balance to avoid a Service Charge: A service charge of $12.00 will be imposed every statement cycle if the average daily balance for the cycle falls below $10,000.00.

Deposit limitations: You may make an unlimited number of deposits into your account.

Withdrawal limitations: A fee of $1.23 will be charged for each transaction (withdrawal, check paid, automatic transfer, internet transfer, or withdrawal out of account) in excess of  three (3) debits during a month. Fees could reduce the earnings on the account.

Access to Internet Banking

Limitations on frequency of transfers: During any monthly statement cycle, no more than six (6) transfers and/or withdrawals may be made by check, internet bank transfer, draft, or similar order to a third party. This also includes to a third party by means of preauthorized or automatic transfer or telephone order or instructions. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure. Transfers and withdrawals made in person, by messenger, or by mail are unlimited.

Overdraft fees apply to overdrafts created by check, in-person withdrawal, or other electronic means.