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.