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Commercial Money Market

Get the Liquidity of a savings account, the access of a limited transaction checking account and the security of FDIC coverage when you open a Commercial Money Market.

Features:

  • $100.00 minimum to open
  • $10,000.00 balance to avoid monthly fee
  • $17.50 monthly fee for balances below $10,000.00
  • Interest earned daily on collected balances
  • Interest paid monthly
  • Interest paid on the following balance tiers
    • $0.01 – $2,499.99
    • $2,500.00 – $9,999.99
    • $10,000.00 – $24,999.99
    • $25,000.00 – $49,999.99
    • Balances over $50,000.00
  • 6 transfers or withdrawals or checks to third parties are allowed each statement period. There is a $10.00 fee for each check/transfer in excess of the allowed transactions
  • Transaction Fees
    • Credits/Deposits = $0.35 each
    • Debits/Checks = $0.15 each
    • Deposited Items = $0.10 each
    • ACH Items = $0.15 each

Added Benefits:

  • Royal Banks’ Cash Management
  • eStatements available
  • No annual fee Royal Banks Credit Cards (subject to application and approval)