Business Money Market

Commercial Nest Egg Money Market Account

Minimum to open account: $10,000.00

Rate Information: This is an adjustable "tier" account

APY effective as of August 1, 2017

Minimum Balance Required to Obtain APY APY
Less than or equal to $10,000.00 0.10%
$10,000.01 to $50,000.00 0.50%
$50,000.01 to $100,000.00 0.75%
Greater than $100,000.00 1.00%

Rates are subject to change daily. Contact new accounts representative for current rates.

Minimum Balance Requirement: There is no minimum balance required. If however, the account balance falls below $2,500, there will be a $10 penalty fee per month.

Balance Computation Method: We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day.

Transaction Limitations: You may make up to six (6) debit transactions per monthly statement cycle.

Statement Cycle: 25th of each month.

Interest Payment: Interest is compounded monthly when the statement is processed.

Debit Card: No debit card available on this account.