Compare Accounts
This side-by-side comparison chart will help you sort through the details
Business
|
Preferred Money Market1,2 |
Commercial Money Market2 |
Business Certificate of Deposit4 |
|
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Minimum Deposit to Open |
$100.00
|
$100.00
|
$2,500.00
|
$1,000.00
|
Monthly Service Charge |
$3.00
|
$25.00
|
$10.00
|
N/A
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Minimum Daily Balance to Waive Service Charge |
$200.00
|
$25,000.00
|
$2,500.00
|
N/A
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Average collected balance to earn interest |
All collected balances
|
$25,000.00
|
$2,500.00
|
All collected balances
|
Withdrawals |
3 free withdrawals per month, otherwise $3.00
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6 free withdrawals per month, otherwise $15.00
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6 free withdrawals per month, otherwise $15.00
|
N/A4
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Telephone Banking |
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Online Banking Access |
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View only
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1 Eligible Checking Accounts for Preferred Money Market are limited to Preferred Business Checking, Essential Business Checking, and Interest Business Checking accounts that have a minimum of 5 client- initiated debit or credit transactions in the statement cycle. If you do not have one of the eligible checking account types or if your linked checking account does not meet the minimum number of transactions, your Preferred Money Market Account will earn the default interest rate and APY. Refer to the Business Services Information Disclosure Schedule of Fees for full details.
2 Deposit up to 100 items to your account each month. After 100 items, there is a fee of $0.50 per item deposited. Items include deposited checks and deposit tickets. Fees may reduce earnings
3 No limitations or fees on deposited items.
4 A withdrawal will reduce earnings. Fees could reduce earnings. Substantial penalty for early withdrawal.
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