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Sole Proprietorships and not-for-profit organizations who desire interest (which includes: private school, church, misc. league, VFW/American Legion, Class Reunions, school groups, scouts, Red Cross, public service, historical society, chamber and support for public office.)
This account allows customers to gain a high rate of interest on their deposits without committing to a fixed time frame. With check writing ability, the customer is able to pay for major purchases without visiting the bank to make a withdrawal. While the Commercial Money Market Account is not a transaction account, it does provide a great deal of convenience, as will as a high rate of return.
No limit to the number of in-person withdrawals from the account. You may only make six transfers from your account each month by checks to third parties or bill payment via check. The minimum amount of a transfer allowed from this account is $500.00.
* If account is closed within six months of opening, a $30.00 fee will be charged.
* If you close your account before interest is credited, you will not receive the accrued interest.
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