Business Money Market

Maximize Your Business Savings with an Interest Earning Money Market Account

A business money market account is an ideal place to park excess funds for your company. It's easy to access your cash when you need it while earning a higher interest rate than a traditional savings account would typically provide. At Itasca Bank & Trust Co., you'll only need a $2,500 minimum opening deposit in order to get started and access these benefits. As your company grows and monthly cash flow exceeds expenses, a business money market account is a perfect solution to make sure you don't leave interest on the table.

Business Money Market Account Features

• $2,500 Minimum Balance to open and to earn interest.
• Monthly Service Charge $10 (if balance falls below $2,500 anytime during the month)
• No monthly charge for Business Online Banking*.  $5 for each additional company combined; $2.50 for each additional user (monthly)
• $10 monthly charge for paper statements; may be combined with company's general operating account at no charge.
• E-statements notices that are returned undeliverable will be converted to a paper statement and a $10 fee per month will be charged
• 24-hour Banking by Phone

Transaction Limitations:

Transactions are limited to no more than 8 transfers and withdrawals per statement service charge cycle by means of Check, Preauthorized Agreement to Third Parties (ACH) and Debit Transfers made via Online Banking, Bank by Phone or Bank Assisted Transfers made by phone. A $10 Excess Activity Fee will be charged for each transaction listed above, over 8, which clears within that statement service charge cycle. Transfers and Withdrawals made in person at Itasca Bank & Trust Co. or at an Automated Teller Machine (ATM)** from a Money Market Account are unlimited.

*One company and one user
**Use of non-Itasca Bank & Trust Co. owned ATM will incur a $1.00 service charge for each transaction over 5 transactions in the statement cycle. Other financial institutions may charge a fee to use their ATM.