Signature Business Money Market
We offer a comprehensive suite of products and services designed to meet the unique needs of our business members. The new Signature Business Money Market provides business with a market leading option to seek higher yields while maintaining daily liquidity.1
| Tiers |
Rates |
APY2 |
| <$2,500 |
0.00% |
0.00% |
| $2,500 - $9,999 |
0.30% |
0.30% |
| $10,000 - $24,999 |
0.45% |
0.45% |
| $25,000 - $49,999 |
0.45% |
0.45% |
| $50,000 - $99,999 |
0.65% |
0.65% |
| $100,000 - $249,999 |
1.00% |
1.00% |
| $250,000 - $10 MM |
1.25% |
1.25% |
Product Features:
- Funds available anytime1
- No monthly maintenance fee with a $2,500 daily minimum balance
- Monthly fee of $10 and a reduced dividend rate if the daily balance falls below the minimum
- Minimum deposit of $2,500 required to open account
- First 50 items3 deposited are free each month; 50¢ for each one after 50
- Dividends will accrue every day the account balance is $2,500 or more
- Regulation D limitations on certain transfer and withdrawal transactions apply1
1 Certain withdrawal transactions are limited to no more than six per calendar month in accordance with Regulation D. During any statement period (calendar month), you may not make more than six withdrawals or transfers to another account of your or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction. Transfers made by check, draft, debit card, or similar order to a third party will also be counted towards this transaction limitation. For every withdrawal or transfer over the stated limit, your account will be subject to a fee.
2 APY is Annual Percentage Yield. APY is variable and may change after the account is open; rates and terms are subject to change without notice. Business accounts only. Minimum balance required to receive disclosed APY for each tier is listed in the table above. If balance falls below $2,500, the account will be assessed a monthly minimum balance fee and will earn no interest until minimum balance requirement is met. Fees could reduce actual earnings on the account. Some tiers may earn the same APY; APY is subject to change based on balance tier. Dividends calculated by applying the highest rate based on the balance tier to the entire account balance.
3 Item is defined as cash, RDC, checks, ACH or combined ACH