Commercial VIP Money Market Account
- Summary
Our Commercial VIP Money Market Account is designed for the business owner who wants to put their earning to work for them. We offer generous APY rates on our Money Market Accounts, combined with the flexibility and personal touch that you always get with us. Come by and hear about some of our great opportunities or apply online for one today and get your money working for you.
- Only $100 deposit required to open account.
- You may make up to 6 preauthorized transfers from your account per statement cycle.
- We may change the interest rate for your account at any time
- Interest will be compounded on a monthly basis
- Interest will be credited to your account on a monthly basis
- If you close your account before interest is credited you will not receive the uncredited accrued interest
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Fees
The fees for this account are as follows:
- Minimum Balance Fee = $20
- Deposit Fee, (Credits) over 5 = $0.35 ea.
- Items Deposited over 5 = $0.09 ea.
- A $10 charge will be assessed for each item over the limit
Other fees that may be associated to your account are disclosed in the "Other Services and Fees" portion of this disclosure.
The minimum balance fee will be waived if the balance in the account is maintained at or above $5,000.00 each day of the monthly statement cycle. Otherwise, the minimum balance fee will apply.
- Rates
-
- See accompanying rate sheet for current rate
- Your interest rate and annual percentage yield may change
- At our discretion, we may change the interest rate on your account
Other Popular Products
Merchant Credit Cards
Provides your business customers with easy access to credit and debit card transactions such as Visa, MasterCard and Discover. Get support on applications, terminals and personal computer software.
More
Agricultural Loans
From financing for crop production, to livestock, or equipment, we are committed to those who put food on our tables. Let us help your business flourish today.
More
