Our Commercial Money Market account is designed for businesses that want to earn a competitive rate of interest on excess funds while maintaining limited access to liquidity. By maintaining higher balances, your business can take advantage of tiered interest rates and help optimize earnings on operating reserves.
- $1,500 minimum deposit required to open and earn interest
- Avoid a $15 monthly service charge by maintaining a minimum daily balance of $1,500 during the statement cycle
- Interest is calculated using tiers based on daily collected balances and credited monthly
- Unlimited deposits
- 24-Hour Telephone Banking (225-654-1516)
- Unlimited cash withdrawals in person or at a Bank of Zachary ATM*
- Certain transfers and withdrawals over six (6) per statement cycle are subject to a fee**
- e-Statements included
- Business Online & Mobile Banking with optional additional user access (hyperlink – directs to Business Online Banking Page)
- Business Debit Mastercard® available at account opening (Hyperlink – directs to the Business Services page)
- No cash deposit fees*
- No incoming wire transfer fees*
- Access to Treasury Management and cash management solutions
Array( [rateTableID] => 114607 [rateTableAnchor] => ratetable_114607 [rateTableMargin] => margin-bottom-large [showtitle] => [showdate] => 1 [showdisclosure] => 1 [showprint] => [showall] => [hiderows] => [hidecolumns] => )
| Tiers | Daily Collected Balance | Interest Rate | APY* |
|---|
| Tier 1 | $1,500.00 - $24,999.99 | 0.25% | 0.25% |
| Tier 2 | $25,000 - $99,999.99 | 0.85% | 0.85% |
| Tier 3 | $100,000 - $249,999.99 | 1.50% | 1.51% |
| Tier 4 | $250,000 - $499,999.99 | 1.75% | 1.76% |
| Tier 5 | $500,000 + | 2.25% | 2.27% |
*APY – Annual Percentage Yield
Interest is calculated on the daily collected balance and paid on the entire balance based on the applicable tier. Interest is compounded and credited monthly. The interest rate and Annual Percentage Yield (APY) for each tier may change at any time. Fees may reduce earnings on these accounts.
A $1,500 minimum deposit is required to open and earn interest. A $15 monthly service charge will be assessed if the account balance falls below $1,500 during any of the statement cycle.
**Certain transfers and withdrawals, including checks, debit card transactions, and preauthorized or electronic transfers (including online and telephone transfers), are limited to six (6) per statement cycle. A $10 fee will apply for each transaction exceeding this limit. *In-person and ATM withdrawals do not count toward this limit.
Interest rates are variable and subject to change at any time after the account is opened. *Fees may reduce earnings and are subject to change.
Login
