Our Commercial Money Market Account is an interest bearing checking account with limited check writing.
The Account Features include:
- Opening balance requirement $100
- Interest is compounded daily based on the ledger balance
- Interest is paid monthly
- No minimum balance requirement to earn interest
- Maintain minimum average balance of $10,000 to avoid a monthly maintenance fee of $10
- Pre-authorized transfers or withdrawals are limited to six (6) per calendar month, or statement cycle, of which no more than three (3) may be by check or draft
- Excessive withdrawals will result in a per item fee or $25
- Consistent excessive withdrawals will result in the account being converted to a demand deposit account
- Unlimited withdrawals can be made in person
- Imaged Statements
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