Business Deposit Rates
Rates as of - December 15, 2024
| Business Deposit Accounts | |||
|---|---|---|---|
| Account Product Name | Minimum Opening Deposit | Interest Rate | APY* |
| Business Savingsab |
$100 opening deposit
|
0.50% | 0.50% |
| Business Interest Checkingab |
$100 | 0.25% | 0.25% |
| Business Money Marketabc |
$2,500 opening deposit
|
||
| Daily Balances of |
up to $99,999.99
$100,000 - $499,999.99
$500,000 - $1,499,999.99
$1,500,000 and up
|
1.00%
1.50%
2.00%
2.50%
|
1.01% 1.51%
2.02%
2.53%
|
| Business Sweepsabc |
$2,500 opening deposit
|
||
| Daily Balances of |
up to $99,999.99
$100,000 - $499,999.99
$500,000 - $1,499,999.99
$1,500,000 and up
|
1.00%
1.50%
2.00%
2.50%
|
1.01%
1.51%
2.02%
2.53%
|
| Municipal Money Marketabc |
$2,500 opening deposit
|
||
| Daily Balances of |
up to $99,999.99
$100,000 - $499,999.99
$500,000 - $1,499,999.99
$1,500,000 and up
|
0.75%
1.00%
1.50%
2.00%
|
0.75% 1.01%
1.51%
2.02%
|
*Annual Percentage Yield
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
(a) A penalty will be imposed for early withdrawal.
(b) The interest rate and annual percentage yield may change after account opening.
(c) Daily balance. The amount of the principal in the account each day.
Note: Fees could reduce the earnings on the account
Account Analysis
The Commercial Checking Account analysis earnings credit rate is calculated by multiplying the three-month Treasury Bill yield, adjusted to a constant maturity, at
The Commercial Checking Account analysis earnings credit rate is calculated by multiplying the three-month Treasury Bill yield, adjusted to a constant maturity, at
month-end as published by the Federal Reserve Bank in "H.15 Selected Interest Rates" by .40, subject to a floor of .35%.
The Municipal Checking Account analysis earnings credit rate is calculated by multiplying the three-month Treasury Bill yield, adjusted to a constant maturity, at month-end as published by the Federal Reserve Bank in "H.15 Selected Interest Rates" by .30 subject to a floor of .25%.