Prime Advantage Business Money Market
The Prime Advantage Business Money Market is designed for businesses who want to earn competitive interest rates on savings funds and have immediate access to their money.
- Minimum opening deposit $2500.00
- 6 pre-authorized transfers permitted per month
- Free check imaging
- Free 24-hour bank-by-phone service
- Unlimited withdrawals if done in person
- Monthly Service charge of $15.00 will be imposed every month if the balance in the account falls below $5000 on any day of the month
- An excess transfer fee of $3 will be charged per withdrawal in excess of 6 per month
- Interest accrues daily on all available balances
** Disclosure of fees and charges is available upon request and at account opening.
Business Money Market checking offers tiered interest rates. The Interest Rate and Annual Percentage Yield vary depending on the balance maintained. Ask a customer service representative for tiered rate details.
Note: Regarding excessive transactions federal regulations permit no more than 6 preauthorized, automatic, Internet or telephone transfers to your other accounts or third parties (including checks, drafts, debit cards or similar orders) per month.
If you exceed the above limitations your account may be transferred to a transaction account where funds no longer earn interest.
