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Business Money Market Deposit Account (MMDA)

Business Money Market Deposit Account (MMDA)

An interest bearing account, the MMDA features flexibility and higher money market rates for higher account balances.

  • $2,500 minimum opening balance
  • Limited to 6 debits per statement cycle; over 6, $5 per item
  • Free online banking
  • Free e-Statement or paper statement with images
  • Tiered interest paid on daily balance
    • $0 - $2,500
    • $2,500.01 - $10,000.00
    • $10,000.01 - $25.000
    • >$25,000
  • Avoid a $5 monthly service fee with a $2,500 minimum daily balance.