Business VIP Money Market Deposit
Earn a higher interest rate if you maintain a higher balance.
Table of Contents
At-a-Glance
Our Business VIP Money Market Deposit account helps your business earn more with competitive interest rates. It’s ideal if you maintain a higher balance and want your savings to work harder.
- Make your money work harder for you
- Limited to 6 debits per statement cycle
- Interest bearing
Minimum Deposit
$1000
Monthly Fee
$8.00
$2,000 avg monthly balance to waive fee
Included Items/Month*
6
per statement cycle, excess transaction fee: $5.00 each
* Item = Checks deposited, deposit tickets submitted and checks posted
Transactions = Debit card (POS) transactions, online banking transfers, telephone transfers, telephone transfers, preauthorized (ACH) or automatic transfers and checks payable to third parties.
Features
- Free Basic Online Banking & Mobile Banking
- Free eStatements
- Free Visa Debit Card
- Additional Business Services such as eCapture, Merchant Services, ACH Origination, Automated Payroll can be added on for an additional fee
Accounts subject to approval. Additional terms, conditions and fees may apply. A paper statement fee of $2 per printed account statement will be charged monthly unless customer enrolls in free eStatements.
To view our current business deposit rates, please click here.
To view our Schedule of Service Charges, please click here.
Important Information about Legal Entity Accounts
Effective May 11, 2018, all U.S. financial institutions will be subject to new federal rules under the Bank Secrecy Act that is intended to enhance the safety of the country’s financial system and combat financial crimes. This will change the requirements for opening or modifying banking accounts and services for covered legal entities. Please click here for a detailed document that discusses the new requirements and how they may affect you. To view the Beneficial Ownership Certification Form, click here.