Business > Savings > Money Market Investment

Businesses, corporations and partnerships have the opportunity to earn a market-based rate of interest on this savings and investment account which features limited checkwriting privileges. The Business MMIA pays variable interest which increases at $5,000, $10,000 and $25,000 balance levels. Deposits and withdrawals may be made at any time; however, withdrawal privileges are limited to telephone transfers with prior authorization (a fee is assessed each time), and a total of six, three by check, per month. Here are some details:

• $5,000 minimum deposit to open
• $100 minimum average daily balance required to earn interest
• descriptive monthly statement with canceled checks
• variable interest is compounded and paid monthly
• no monthly service charge as long as a $10,000 average available balance is maintained

The following enhancements to this account are available upon request:

• overdraft protection
• bank card merchant service
• night depository service
• Corporate Connection PC-based cash-management service
• TeleBanker 24-hour telephone banking
• Telepay telephone bill-payment service