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Business reward money market savings
Recommended for large businesses with over $100,000 in First Republic Bank checking accounts
- A business money market savings account with tiered interest rates
- No monthly maintenance fee
Key Benefits
- Client earns competitive tiered interest rates compounded daily
- Client can have a Deposit Only ATM Card linked to this
account
- This account functions as a savings account when linked to a Deposit Only ATM Card
Things to Consider
- Minimum opening balance: $250,000
- Client must have $100,000 in First Republic DDA Checking
Accounts
- If this balance falls below $100,000 the Business Money Market Checking Account rate will be earned
- No monthly maintenance fee
- Client has limited transfer capabilities on the account
- Unlimited deposits, transfers into the account per statement cycle
- Withdrawals and transfers out of the account limited to 3 per statement cycle
- Account is subject to all other Reg D transaction
limitations
- Excessive check writing will cause the account to be closed or the account type to be changed
- Excessive Transaction Fee of $25.00 per occurrence, for transactions in excess of three per statement cycle
- Business Information Form should be completed
- This account functions as a savings account when linked to a
Deposit only ATM Card
- This account is not eligible for an ATM or ATM/Debit Card. Complete ATM Business Eligibility can be found in the Preferred Banking Offices Procedure Manual
Account disclosure (PDF)
