The Business Insured Money Market offers you no term, instant liquidity, a competitive interest rate, and full FDIC coverage on deposits larger than $250,000.
Tiered interest rate structure:
$250,000 and above
$0.01 to $249,999
Minimum opening deposit of $10,000
More than 6 withdrawals per month...$20 each
Federal regulations limit you to no more than 6 debit transactions to third parties or to another account per monthly statement cycle.
Enrollment in the Insured Deposit Program requires a combined deposit relationship of $250,000. Interest is compounded and credited to the account monthly. Higher balances pay higher interest. Fees on interest bearing accounts may reduce earnings
