Business Money Market

Business Money Market

• $5,000 minimum opening deposit
  
• Account designed for all business entities including corporations, sole proprietorships, partnerships and non-profit organizations
  
• Interest-bearing account that earns Business Money Market rate as set periodically by SCB when the average collected balance is $5,000 or more. Earns Business Interest-On-Checking rate when balance falls below $5,000
  
• Interest compounded daily, and credited to the client's account monthly based on the average collected balance, minus required reserves
  
• Withdrawals & transfers from the account may be made as follows: unlimited number of withdrawals or transfers by mail or in person. Unlimited number of transfers for the purpose of repaying loans (excluding overdrafts) extended by SCB. All other withdrawals and transfers are limited to a maximum of 6 per month of which up to 3 may be by check. There is a $8 charge for each check paid beyond the regulators' limit of 3
  
• No service charge on accounts with an average daily balance of $2,500 or more
  
• For accounts not meeting the balance requirement, the account maintenance fee is $15 per monthly statement cycle, plus 25 cents per check paid or deposited
  

Business Premium Money Market

• $20,000 minimum opening deposit
  
• Account designed for all business entities including corporations, sole proprietorships, partnerships and non-profit organizations
• Interest-bearing account that earns Business Premium Market rate as set periodically by SCB when the average collected balance is $20,000 or more. Earns Business Money Market rate when balance falls below $20,000. Earns Interest-On-Checking rate when balance falls below $5,000
  
• Interest compounded daily, and credited to the client's account monthly based on the average collected balance, minus required reserves
  
• Withdrawals and transfers from the account may be made as follows: Unlimited number of withdrawals or transfers by mail or in person. Unlimited number of transfers for the purpose of repaying loans (excluding overdrafts) extended by SCB. All other withdrawals and transfers are limited to a maximum of 6 per month of which up to 3 may be by check. There is a $8 charge for each check paid beyond the regulators' limit of 3
  
• No service charge on accounts with an average daily balance of $2,500 or more
  
• For accounts not meeting the balance requirement, the account maintenance fee is $15 per monthly statement cycle, plus 25 cents per check paid or deposited
  

Business Super Premium Money Market

• $100,000 minimum opening deposit
  
• Account designed for all business entities including corporations, sole proprietorships, partnerships and non-profit organizations
  
• Interest-bearing account that earns Business Super Premium Money Market rate as set periodically by SCB when the average collected balance is $100,000 or more. Earns Business Premium Money Market rate when balance falls below $100,000. Earns Business Money Market rate when balance falls below $20,000. Earns Interest-On-Checking rate when balance falls below $5,000
  
• Interest compounded daily, and credited to the client's account monthly based on the average collected balance, minus required reserves
  Withdrawals and transfers from the account may be made as follows: Unlimited number of withdrawals or transfers by mail or in person. Unlimited number of transfers for the purpose of repaying loans (excluding overdrafts) extended by SCB. All other withdrawals and transfers are limited to a maximum of 6 per month of which up to 3 may be by check. There is a $8 charge for each check paid beyond the regulators' limit of 3
  
• No service charge on accounts with an average daily balance of $2,500 or more
  
• For accounts not meeting the balance requirement, the account maintenance fee is $15 per monthly statement cycle, plus 25 cents per check paid or deposited
  

Business Silver Money Market

• $250,000 minimum opening deposit
  
• Account designed for all business entities including corporations, sole proprietorships, partnerships and non-profit organizations
  
• Interest-bearing account that earns Business Silver Money Market rate as set periodically by SCB when the average collected balance is $250,000 or more.
• Earns Business Super Premium Money Market rate when balance falls below $250,000. Earns Business Premium Money Market rate when balance falls below $100,000. Earns Business Money Market rate when balance falls below $20,000. Earns Interest-On-Checking rate when balance falls below $5,000
  
• Interest compounded daily, and credited to the client's account monthly based on the average collected balance, minus required reserves
  
• Withdrawals and transfers from the account may be made as follows: Unlimited number of withdrawals or transfers by mail or in person. Unlimited number of transfers for the purpose of repaying loans (excluding overdrafts) extended by SCB. All other withdrawals and transfers are limited to a maximum of 6 per month of which up to 3 may be by check. There is a $8 charge for each check paid beyond the regulators' limit of 3
  
• No service charge on accounts with an average daily balance of $2,500 or more
  
• For accounts not meeting the balance requirement, the account maintenance fee is $15 per monthly statement cycle, plus 25 cents per check paid or deposited