Compare Business Money Market Deposit Accounts
As your business grows, you need the ability to save and get the added advantage of earning interest.
Business Money Market |
Business Reward Money Market Savings |
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Ideal If You're Looking For...
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A return on high balances and limited check-writing capabilities | A way for your large business to grow the funds it does not need to access regularly |
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Interest
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Yes; tiered interest rates compounded daily | Yes; tiered interest rates compounded daily1 |
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Monthly Service Fee
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$30 Waived with minimum average balance of $15,000 | $30 Waived with minimum average balance of $15,000 |
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Minimum Opening Balance
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$5,000 | $10,000 |
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Additional Details
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Balance of $100,000 in First Republic business checking accounts required | |
| Maximum of six debits per statement cycle2 | Maximum of six debits per statement cycle3. Checks are not available with this account. | |
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FDIC Insurance
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To Legal Maximum | To Legal Maxiumum |
1If the business checking account average balance falls below $100,000 per statement cycle, the Business Money Market rate will apply.
2No more than a total of six transfers/withdrawals (including checks, drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.
3No more than a total of six transfers/withdrawals (including drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.
2No more than a total of six transfers/withdrawals (including checks, drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.
3No more than a total of six transfers/withdrawals (including drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.