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Business Money Market

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Business Money Market

Earn more interest when you set aside funds in a Business Money Market account.

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Standard Features

Features 
Minimum balance to open$2,500
Minimum daily balance$2,500
Monthly service charge4$10, if minimum daily balance is not met
Earns interest1,2Yes, compounded monthly
Withdrawal/transfer availability3,46 no fee, then $10 per statement cycle
Electronic or paper statements No fee
Online and mobile bankingNo fee, message and data rates may apply
Mobile depositNo fee

 

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1Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day.

2Interest rates are variable and subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please refer to our Deposit Rates for current interest rates and annual percentage yields based on designated balance tiers.

3Transfers from these accounts to another account or to a third party by preauthorized, automatic, online or telephone transfer, by check or similar order are limited to six per calendar month. If these transaction limitations are exceeded three times in a 12-month period, the account will be closed or converted to another type of transaction account allowing unlimited third-party transfers.

4State sales tax may apply for accounts maintained in Iowa.