Business Savings Accounts Grids
| Savings Account | Choice Money Market | ||
|---|---|---|---|
Description | Easy to get started, and adaptable to a wide range of goals! | A great choice if you’ll carry larger balances in your account because it pays higher rates | |
| Minimum To Open: | $25 | $25 | |
| Minimum Balance: | $100 | $2,500 | |
| Monthly Service Charge: | None if $100 minimum daily balance is maintained; $6 per month if balance falls below $100 | None if $2,500 minimum daily balance is maintained; $10 per month if balance falls below $2,500 | |
| Interest Rate & Annual Percentage Yield (APY): | Variable | Variable | |
| Compounding: | Quarterly | Monthly | |
| Interest Payment Tiers: | No | Yes; higher balances earn higher rates | |
| Deposits: | No limits | No limits | |
| Withdrawals:* | 25 free per month; then $3 per excess withdrawal* | 25 free per monthly statement cycle, then $10 for any additional withdrawals* | |
Statements:** | Quarterly** | Monthly** | |
Other Benefits: | Can be used for overdraft protection for a checking account | Can be used for overdraft protection for a checking account. Access by debit card and by check is available; limits apply. |
*Transaction limitations may apply. **Free eStatements available. Combined statement option (multiple accounts included on a single statement) available.