Business Money Market

Peoples State Bank’s Business Money Market account is an effective cash management tool. Earn a competitive money market rate of interest with convenient access to your funds.

Contact your local branch for more information on opening an account today!

  • Minimum to Open: $1,000
  • Minimum Daily Balance: Maintain a $2,500 average daily balance to avoid monthly service fee
  • Interest: Interest(1) paid monthly; Tiered Rate Schedule
  • Monthly Service Fee: $7.50 per month
  • Processing Fees(4): 6 FREE withdrawals per month; $1 each additional(3)
  • Online Banking: FREE
  • Bill Pay(4)$3.95 per month; FREE with 1 or more Bill Pay transactions per month
  • Statement Options: Monthly statement with images; FREE eStatement
  • Statement Cycle: End of the month

 

(1) We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period.
(2) 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.

(3) You may make no more than six (6) transfers and/or withdrawals during any one (1) calendar month or statement cycle to another of your accounts with us or to a third party by preauthorized, automatic, online or telephone transfer.
(4)Sales tax may apply.
Interest rates are subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Click here for current interest rates and annual percentage yields based on designated balance tiers.