Money Market Deposits

For money market accounts, we offer the same scope of functionality and features to professionals as we do to businesses.  We believe that our three graduated business money market accounts match well with various sizes of professional organizations, from sole practitioners to large limited liability partnerships or limited liability companies.  Our Relationship Managers and Personal Bankers are happy to travel to your office to discuss which combination of accounts best meets your financial needs.
 
All of our business money market accounts are available with combined statements, imaged checks, free Internet banking, free on-line bill payment, free standard checks, and free postage prepaid bank-by-mail envelopes.  All of our business money market accounts also offer tiered rates, whereby the higher the account balance, the greater the interest rate that is paid on the entire collected balance.  We waive the monthly maintenance charge on all business money market accounts, regardless of balance, if the money market account is on combined statement with a business checking account.  We also waive all maintenance charges during an account’s initial cycle.
 
Business Basic Money Market
 
This money market account is designed for smaller businesses and professional groups, and for entities with significant variation in their balances.  The minimum opening deposit is $1,000.00 and the minimum balance to avoid the $15.00 monthly service charge is $5,000.00.  Rate tiers range from below $5,000.00 to $250,000.00 or more.
 
Business Premium Money Market
 
This money market account is designed for medium sized businesses and professional groups.  The minimum opening deposit is $5,000.00 and the minimum balance to avoid the $25.00 monthly service charge is $50,000.00.  This account provides a free 3 inch by 5 inch safe deposit box (subject to availability).  Rate tiers range from below $50,000.00 to $1.0 million or more.
 
Business Investor Money Market
 
This money market account is designed for businesses and professional groups that maintain substantial reserves of liquidity.  The minimum opening deposit is $10,000.00 and the minimum balance to avoid the $35.00 monthly service charge is $100,000.00.  This account provides a free 5 inch by 5 inch safe deposit box (subject to availability).  Rate tiers range from below $100,000.00 to $1.0 million or more.