Business Money Market
Business Money Market
Mercantile's Business Money Market offers tiered interest rates, waived maintenance with $10,000 balance, and transaction allowance.
Account Details
Balance Requirement
$12.00 monthly maintenance fee is waived if maintain a $10,000 average available balance per statement cycle.
Monthly Transaction Allowances:
20 free items deposited per statement cycle; excess items charged at $0.40 per item.
and
10 free transfers/withdrawals per statement cycle, excess items charged at $10.00 per item.
Cash Allowance
Up to $5,000 free in branch monthly cash deposit allowance.
Excess cash deposited charged at:
$20,000.01 - $100,000 = $0.30 per $100
$100,000.01 or more = $0.50 per $100
Interest Rates
Competitive tiered interest rate.
Service charges are subject to change at any time.
Key Features and Benefits
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Maintain liquidity and optimize balances to earn interest.
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Ability to offset monthly maintenance fee.
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Online access to balance, transaction, and statement information.
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Competitive tiered interest rate.
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