Money Market Accounts
Business Money Market Accounts at Time Bank
A money market account from Time Bank earns a high return as long as a minimum daily balance of $5,000 is maintained. Our money market accounts offer attractive features such as interest on your deposits, along with easy access to your money and the ability to write checks. Money market accounts combine the best features of our checking and savings accounts. You’ll get the tools and features you need to manage your money. Open your account today with a minimum of $5,000.
A $10,000 minimum daily balance or a $15,000 average daily balance is required to avoid monthly maintenance charges. The average daily balance is calculated by adding the principal in the account for each day and dividing that figure by the number of days in the fee period. If the account fails to meet the required balance, a $10.00 service charge for the monthly statement cycle will apply.
Transfers, checks, telephone or computer transfers, drafts, preauthorized automatic payments or similar to third parties are limited to 6 per month. An excessive transaction fee may apply.
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $74,999
$75,000 to $249,999
$250,000 and above
*Annual Percentage Yield. Rates may change after account opening without notice. Fees may reduce earnings. Rate effective 04.06.2023
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