Business Money Market Account
Higher rewards for higher balances.
An interest rate is an interest rate, right? Not necessarily. With a PremierWest Bank Business Money Market Account, you get a great rate on excess balances while maintaining easy access to your funds.
You maintain access to your money and get a tiered rate structure so that the higher your balance, the better your return. It's a simple way to save money for anything that might come up.
Cash Flow and Record Keeping.....Learn More
- Summary
- Interest earning
- Tiered rates
- 6 free debits or checks per month, per debit fee thereafter
- Free Online Banking
- Free statements with check images
- Free TeleBanc Phone Banking
- Automated teller access
- Electronic Funds Transfers
- Unlimited transfers and withdrawals in person, by messenger, mail, or ATM
- Account is subject to Regulation D activity restrictions
- Monthly fee waived on balances $1,500 and over
- Free Direct Deposit
- FDIC insurance
- $100 to open
- More Information
Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Money Rates sheet. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account anytime. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You may make no more than six pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
