Business Money Market
Our Business Money Market account allows you to earn higher yields of interest while maintaining accessibly to your funds. Even though there are restrictions on electronic and check transactions as mandated by the government, you can process unlimited transactions in person at our branch locations. A tiered earning structure allows for maximum benefit, making the Business Money Market account a great addition to your business’ financial portfolio.
FEATURES
$1K TO OPEN ACCOUNT
Only $1,000 is required to open an account.
TIERED INTEREST
A tiered interest structure rewards larger balances.
FREE CHECKING
Free checks are provided to access your funds.
6 TRANSACTIONS/MO
6 transactions allowed per month via check or electronic services.
$1K MINIMUM BALANCE
Maintain $1,000 daily balance to avoid being charged a $5 fee.
OVERDRAFT PROTECTION
This account can be used as overdraft protection for your other accounts.
FREE ONLINE ACCESS
Keep track of your savings with free online access.
UNLIMITED IN-PERSON
Make unlimited transactions in one of our nine branches statewide.
RATES
| Tier | APY | Minimum Daily Balance to Open Account and Earn APY | Minimum Daily Balance to Avoid Fee | Below Minimum Balance Fee | Monthly Transaction Fee | Monthly Fee |
|---|---|---|---|---|---|---|
| $1,000 – $4,999.99 | 0.10% | $1,000 | $1,000 | $5/month | None | None |
| $5,000 – $9,999.99 | 0.10% | $1,000 | $1,000 | $5/month | None | None |
| $10,000 – $24,999.99 | 0.15% | $1,000 | $1,000 | $5/month | None | None |
| $25,000 – $49,999.99 | 0.20% | $1,000 | $1,000 | $5/month | None | None |
| $50,000 and over | 0.20% | $1,000 | $1,000 | $5/month | None | None |
Annual Percentage Yields effective as of 11/7/2016 and may change after account opening.
You can apply for all of our deposit products by completing and mailing in the forms below or in person at any branch location. If you would like to know more about VBiz products and services, or would like assistance beginning the application process, please complete this VBiz contact form.
See how simple your business’s finances can be, contact us today about opening a VBiz business savings account. If you would like to know more about VBiz products and services or would like to begin the application process please contact the VBiz team by clicking here.
