Commercial Money Market

Commercial Money Market

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.)

Benefits:

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.


Features:

  • $2,500.00 minimum to open.
  • $10,000.00 minimum balance.
  • $25.00 monthly service charge if balance falls below $10,000.00 any day of the month.
  • Interest will be paid on the entire balance in the account provided a daily minimum balance of $10,000.00 is maintained. Interest will not be earned on any day the balance in the account falls below $10,000.00 (Call or visit a branch for current rates).
  • $2.00 will be charge for each check in excess of six written during a month.
  • $5.00 will be charged for each check written under $500.00.

Transaction Limitations

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.