This account is available to businesses that …
• Have a current Business Checking account or Business Loan with Community Bank*
• Provide documentation of having filed with the Secretary of State as a valid business*
| Daily Balance | Interest Rate Information |
|---|---|
Daily Balance $0.00 - $24,999.99
| Interest Rate Information
No interest paid
|
Daily Balance $25,000-$74,999.99
| Interest Rate Information
1.71% APY** (Based on 40% of 13-week T-bill rate)
|
Daily Balance $75,000-$149,999.99
| Interest Rate Information
2.14% APY** (Based on 50% of 13-week T-bill rate)
|
Daily Balance $150,000-$249,999.99
| Interest Rate Information
2.57% APY** (Based on 60% of 13-week T-bill rate)
|
Daily Balance $250,000 or more
| Interest Rate Information
3.22% APY** (Based on 75% of 13-week T-bill rate)
|
Whether you are saving for a planned purchase or want savings for an unexpected event, our Business Rewards Money Market Index account is a hassle-free way to grow your funds. You can maximize your savings and earn interest, while still having easy access to your funds through Online and Mobile Banking.***
*If the business does not meet these qualifications, they have 30 days to comply or the account will be converted to a non-interest-bearing account.
**Annual Percentage Yields (APYs) are accurate as of 01/02/2025 and subject to change without notice. Minimum APY of 0.75% is guaranteed for one year from account opening when account qualifications are met. $25,000 minimum daily balance to earn interest and avoid a $25 monthly service charges. Transfers from this account to another account or to third parties by pre-authorized, automatic, telephone, or computer transfer or by check, draft, or similar order are limited to six per statement cycle. There will be a $10 fee per item over the allowed six transactions (multiple violations may result in account being converted to an account without these restrictions or closing). No charge for e-Statements, $5 fee per month for paper statements. Fees may reduce earnings.
***Community Bank does not charge for Mobile Banking, but your mobile service may charge for text messaging and/or web access. Be sure to check your service provider for data rates.
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