Business Money Market Tiered Savings


Our Tiered Money Market Savings account has the same flexibility as a Money Market Savings with tiered levels to determine interest rate.
 
  • Deposit or withdraw funds at any time*
  • Free Denali Online banking
  • Accrues interest daily and pays monthly** 
  • Detailed monthly statements
  • Free copies of checks included with statement
  • Sweep services available
 Interest tiers based on daily balances:

           

            Level 1      $100.00 - 25,000.00

            Level 2      $25,000.01 - $100,000.00

            Level 3      $100,000.01 - $250,000.00

            Level 4      Over 250,000.00

Requirements:

  • The minimum opening deposit is $25,000.
  • Daily balance of $25,000 or more to avoid monthly service charge.
  • $10 per month if balance requirement is not maintained.

Transaction Limitations:

  • Federal banking regulations limit you to six restricted transactions.  Up to six may be checks. 
  • A restricted transaction is any pre-authorized, online, telephone transfer or checks. 
  • You have unlimited in person withdrawals.
  • $10 per excess restricted transaction.***

    Certain restrictions on the number of transactions apply.

    **  Accrued interest is paid when account is closed.

    ***  Restricted transactions are counted by the date the item clears the Bank. 

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