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Business Money Market
Looking to put your money to work for you?
The Business Money Market account combines the benefits and stability of an interest bearing account with the convenience of check writing.
Money Market Accounts provide liquidity and higher interest for your idle funds. You can open a Business Money Market Account for as little as $2,500.00 and there are no fees provided you maintain a monthly balance of $2,500.00. These accounts are designed to help you take advantage of higher interest rates, interest is tiered so the higher your balance the higher the rate of interest.
Transaction Limitations: Transfers from a Money Market Account to another account at Rondout Savings Bank or to third parties by preauthorized, automatic, internet or telephone transfer (including check, draft or debit card) are limited to six per statement cycle.
Features & Pricing:
- Minimum opening deposit is $2,500.00
- Monthly maintenance fee of $5.00 can be avoided with a daily balance of $2,500.00 or more.
- Interest rates are tiered.
- Limited transactions*
- Night depository available at all branch locations
- Business Visa® Check Card with ATM access
- Telephone Banking available
- Online Banking
* Preauthorized or automatic transfers limited to six per month, three of which can be by check. Transfers or withdrawals made in person are unlimited.
Minimum Required |
Minimum Required to |
Minimum to |
$2,500 |
$2,500.00 to avoid $5.00 monthly service charge |
$2,500.00 |
