The Bank of Vernon Business Money Market Account is a high-yield savings solution designed specifically for businesses, corporations, non-profits, and public funds.
This account is not just about saving, it's about maximizing your savings while ensuring easy access to your funds. It's the ideal choice for effectively managing your organization's finances, offering a range of benefits that can help your business thrive.
Our Business Money Market Account offers competitive interest rates, with no monthly service fee for balances above $25,000. Keep your balance above this threshold to take full advantage of the tiered interest earnings and grow your savings faster. For balances between $0 and $24,999.99, a $55 monthly service fee applies, ensuring you maintain a healthy minimum balance to avoid additional charges.
Managing your Business Money Market Account is a breeze. With the flexibility of ten deposit items per month at no charge and a minimum deposit amount of $5,000, it's straightforward and cost-effective. Additional deposit items incur a nominal fee of $0.12 each. Plus, you have the convenience of one monthly withdrawal, with further withdrawals incurring a $14 fee. This setup is designed to help you manage your cash flow efficiently, making your business operations smoother.
Enjoy the convenience of online and mobile banking, allowing you to manage your account anytime, anywhere. Our mobile deposit capture, X-Press Banking, and 24-hour ATM services provide seamless access to your funds. Additional features such as night deposit, wire transfers, e-statements, bill pay, P2P payments, ACH origination, and remote deposit capture ensure your business operations run smoothly and efficiently.
Bank of Vernon designed our Business Money Market Account with your organization's financial goals in mind. We understand the unique needs of businesses, corporations, non-profits, and public funds, and have tailored this account to provide the flexibility and convenience you need. Open your account today and take advantage of the benefits we've specifically designed for you.
Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.