Business Money Market
Earn interest and enjoy immediate access to your funds with a tiered First Citrus Bank Business Money Market account. It's flexible and offers a variety of advantages.
- Minimum to open: $2,500
- With a minimum daily balance of $2,500 - No maintenance fee
- $14.00 monthly maintenance fee, if applicable
- 6 transfers or 6 checks to a third party allowed per statement cycle (or a combination of both), per Federal Regulations
- Additional withdrawals just $5.00 each
- Detailed monthly imaged statements
- Complimentary Internet Banking Interest bearing and compounded for these daily balances:
- Tier I
- Tier II
- Tier III $2,500 - $49,999.99 $50,000 - $99,999.99 $100,000 and up
Rate Information: Interest begins to accrue no later than the business day we receive the credit for the deposit of non-cash items. Interest will be compounded daily, and credited to the account monthly. The interest rate is subject to change.
Balance Information: We will use the daily balance method to calculate the interest on the account, which applies a daily periodic rate to the principal in the account each day. The customer must maintain a minimum daily collected balance of $2,500 to obtain the disclosed annual percentage yield. No interest will be earned in days which the balance falls below $2,500.