Prairie Business Money Market
The Money Market account is a tiered, interest-bearing account, designed to provide you with higher interest yields while retaining liquidity. You can even write checks from this account on a limited basis.
This account is designed for businesses that need higher rates but may need access to their money periodically. Ideal as a "holding tank" for companies that need to move money around on a limited basis.
|Minimum to Open:||$2,500|
|Minimum to Earn APY:||$.01|
|Interest Rate :||Tiered and variable. Check your bank's daily rate report.
|Compounding:||Interest is compounded daily, paid monthly|
|Services Charges:||- $15 Minimum Balance Fee incurred if balance falls below $2,500 any day of the statement cycle.
- $2 Transaction Fee charged for each debit transaction in excess of 6 per statement cycle.
|Restrictions:||Commercial only. Preauthorized, automatic, telephone, internet or Bill Pay transfers to 3rd parties are limited to 6 per month.|