If you are looking for a business savings account that will earn you more, you may want to consider one of our commercial Money Market accounts and their competitive rates. These secure savings options offer limited check writing, so you don’t have to sacrifice access to your company's money. Our commercial Money Market products offer many advantages, including:
- Comprehensive monthly statements
- Pre-authorized transfer privileges
- Free ATM Card
- 24/7 Online and Mobile Banking
- Online combined statements
- Free e-Statements
- Standard Bill Pay service
- Live phone support
- Compatibility with finance software
Business Money Market
Like the Commercial Basic Savings account, the Business Money Market account offers free online and mobile banking and free e-Statements. Unlike the Basic Savings, however, the Business Money Market account pays out interest based on a tiered rate system. That interest is credited on a monthly basis. You are able to write checks off of the funds in this account, but you must maintain a minimum daily balance of $1,000.00 to avoid a service fee. Account is restricted to 6 debits per month.
Commercial Preferred Money Market
Businesses that maintain large balances in their savings account may qualify for the Commercial Preferred Money Market account at Home Federal. This interest-earning savings account is similar to the Business Money Market. You are able to write checks off of the funds, but you must maintain a minimum daily balance of $25,000 to avoid a service fee. Account is restricted to 6 debits per month. Interest rates are tiered, and interest is credited monthly. Clients with a Commercial Preferred Money Market account qualify for free online and mobile banking, e-Statements, and more (as bulleted above).
To learn more, or to apply for one of our Business Money Market accounts, please contact one of our local business banking experts.