Our Premier Business Money Market Checking earns a higher interest rate for those who maintain substantial deposit balances. The account allows (6) preauthorized debits during the monthly statement cycle. The interest rate earned varies according to the account’s daily balance. The daily balance method is used to calculate the interest on the account. The account is subject to a $20.00 service charge if the balance falls below $25,000.00 during the statement period.
1 Federal law limits activity on Money Market Deposit Accounts. By law this account is restricted to (6) preauthorized debits during the monthly statement cycle. Preauthorized debits include checks, drafts, funds transfers and pre-authorized debits. There are no limits on the number of deposits, in person withdrawals or ATM withdrawals made to this account
2 Interest rate and Annual Percentage Yield are subject to change on your account at anytime. You can contact our branches for current interest rate and Annual Percentage Yield information.Balance Computation Method: We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.Interest Compounding Method and Credit Frequency:The interest compounding method is monthly. Interest will be credited to your account monthly.