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A business money market account can help you earn higher interest than a traditional savings account. It also gives you the flexibility to write a limited number of checks, so it’s a hybrid that can help you get the most out of your business banking.
Is A Money Market Account Right For You?
A money market account is designed for customers who maintain higher balances and have limited check-writing needs. This tiered-interest account includes check images with your statement and a complimentary initial trust consultation.
To open the account, a minimum deposit of $2,500 is required. A $10 monthly service fee will apply if the account balance drops below $2,500 at any time during the statement cycle or if the average daily balance* falls below $5,000.
Interest will be compounded monthly and will be credited to your account monthly. We use the daily balance method to calculate the interest on your account. The daily balance method applies a daily periodic rate to the principal in the account each day.
*The average daily balance is determined by adding the principal in the account for each day of the statement cycle and dividing that figure by the number of days in the statement cycle.
Premier Bank Personal Money Market Accounts
Looking to set up a money market account for yourself? Our personal banking team can help. Learn about how a money market account can fit into your checking and savings strategy.
Contact The PremierBank Business Banking Team
Give us a call for immediate service. If you fill out the contact form with details about what you’re interested in, a member of our team will contact you within one business day.
(920) 563-6616