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Accounts: Business
Money Market Account
Our tiered structure allows
your higher balances to earn higher interest rates. Interest is paid
monthly at Money Market rates on all daily collected account balances,
based on the following tiers
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Tier 1 |
$0 - $9,999.99 |
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Tier 2 |
$10,000 - $24,999.99 |
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Tier 3 |
$25,000 - $49,999.99 |
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Tier 4 |
$50,000 - $99,999.99 |
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Tier 5 |
$100,000 and Greater |
| *Rates
subject to change daily |
Requirements
- $2,500 is required to open the
account.
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Benefits
- Interest Bearing
- Free Internet & Telephone
Banking
- Free Statement with Images
- Free Money Market booklet of
36 checks - our premium Rose Rock Bank style.
- 24 hour ATM access
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Cost
- A $9.97 Service Charge will
be imposed every month if the daily minimum balance falls below
$2,500 or the average collected balance falls below $5,000 any
day within the statement cycle.
- During any calendar month or
statement cycle of at least four weeks, you may not make more
than 6 withdrawals, 3 of which can be checks to third parties.
For each additional check or withdrawal, a $15.97 Excessive
Withdrawal fee applies. By federal regulation, transfers from a
Money Market account to another account or to third parties by
preauthorized, computer, automatic or telephone transfer are
limited to 6 per month, with no more than 3 by checks or similar
orders to third parties.
- If you exceed the transfer
limitations set forth above in any statement period, your
account will be subject to closure by Rose Rock Bank.
Rate
Information
These are variable rate accounts. The interest rate and annual
percentage yield may change after the account is opened. Please call
your community Rose Rock Bank to obtain current rate information.
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