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Business Deposit Rates
Annual Percentage Yields (APY) current as
of
July 4, 2008
Business Money Market
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| Deposit
Amount |
Interest
Rate |
APY |
| $0 - $999.99 | 0.00% | 0.00% | | $1,000 - $9,999.99 | 1.04% | 1.05% | | $10,000 - $24,999.99 | 1.49% | 1.50% | | $25,000 - $49,999.99 | 1.98% | 2.00% | | $50,000 - $99,999.99 | 1.98% | 2.00% | | $100,000 - $999,999.99 | 2.23% | 2.25% | | $1,000,000 - $2,499,999.99 | 2.47% | 2.50% | | $2,500,000 or more | 2.71% | 2.75% |
- Business must be owned and operated within Pennsylvania or New Jersey
- FREE real-time telephone and Internet access
- Interest is compounded daily & earned on the daily balance based on a tiered-rate structure
- $1,000 minimum balance required to open
- No monthly maintenance service charges
- Check-writing privileges (limit 3 per calendar month)
- Overdraft protection for checking (limits apply)
- Rates are subject to change at any time
- Fees may reduce earnings
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Business Premium Money Market
|
| Deposit
Amount |
Interest
Rate |
APY |
| $0 - $999.99 | 0.00% | 0.00% | | $1,000 - $9,999.99 | 0.00% | 0.00% | | $10,000 - $24,999.99 | 1.98% | 2.00% | | $25,000 - $49,999.99 | 2.47% | 2.50% | | $50,000 - $99,999.99 | 2.47% | 2.50% | | $100,000 - $999,999.99 | 2.71% | 2.75% | | $1,000,000 - $2,499,999.99 | 2.96% | 3.00% | | $2,500,000 or more | 2.96% | 3.00% |
- Business must be owned and operated within Pennsylvania or New Jersey
- FREE real-time telephone and Internet access
- $10,000 minimum balance required to open
- No monthly maintenance service charges
- Unlimited sweeps from Business Checking to Business Money Market when $10,000 minimum balance is maintained in Business Checking
- Sweeps from Business Money Market to Business Checking (limits apply)
- Interest is compounded daily & earned on the daily balance based on a tiered-rate structure
- Rates are subject to change at any time
- Fees may reduce earnings
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