Business Money Market Account
Corporations and Partnerships are eligible for our competitive Business Money Market account with attractive interest earnings. This account earns interest that will be compounded daily and credited to your account every statement cycle. There are no service charges if you maintain a minimum daily balance of $2,500 per month. If the balance falls below this requirement, your account is subject to a $25 monthly maintenance fee. You may make up to six debits (up to three third-party debits) per month at no charge; additional debits are $5 each. A minimum deposit of $2,500 is required to open this account.

Under Federal Regulation, transfers from a Business Money Market Account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per month with no more than three by check, draft or similar order to third parties. If this limitation is exceeded on a regular basis, we are required to convert your account to another account that permits unlimited check-writing privileges. We will determine the number of third-party checks for your statement period based on the posted date of those items.

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