Business Money Market
Our Business Money Market Accounts were created to help keep your business flexible and encourage your company to grow.
What is a Money Market?
A money market, by definition is, "The market for trading short-term, low-risk securities such as commercial paper, U.S. Treasury bills, bankers' acceptances, and negotiable certificates of deposit. The market is made up of dealers in these securities who are linked by electronic communications." *Wall Street Words
If you have a question about which Money Market Account is right for you, contact us.
Business Money Market Features
Opening Balance | Monthly Service Charge* | Online Banking | Interest Earning | Restrictions | |
|---|---|---|---|---|---|
$1,000 | $10 | ✓ | Tiered | ** | |
$25,000 | $10 | ✓ | Tiered | ** |
Progress Business Money Market* Monthly service charge if average daily balance falls below a specified amount.
See account representative for details.
** Limit of six (6) transfers from a savings or money market savings account during any one calendar month to another of your accounts with us or to a third party by means of a preauthorized or automatic transfer.