Business Money Markets and IOLTA
Our Business Money Market account is a safe, convenient way to put your excess business cash to work for you. The benefits include:
- Competitive rates
- No minimum balance
- Interest paid on balances over $1,000
- $1,000 minimum opening deposit
- Six automated transfers or withdrawals allowed per statement cycle
Business Money Market Account
Information is accurate as of May 1, 2019
|Competitive Rates||Earn competitive, tiered market rates with interest compounded daily and credited to your account monthly.|
|No Minimum Balance Requirement||No minimum balance requirement, and therefore, no minimum balance fee.
$1,000 minimum opening deposit and interest is paid on balances over $1,000.
|Transfers and Withdrawals||Six automated or preauthorized transfers and withdrawals, (including checks and debit card transactions) per statement cycle.|
Interest on Lawyer’s Trust Accounts (IOLTA )
IOLTA’s are available to lawyers and law firms managing general (multi-client) trust funds. This account features a competitive interest rate. Account service fees are deducted from the interest earned and any remaining interest will be remitted to the state bar foundation.