Commercial Money Market

Commercial Money Market

Features

  • $1,000 minimum opening deposit
  • No monthly service charge if $1,000 minimum daily balance is maintained. Otherwise, $10 service charge.
  • Pays tiered interest
  • Free check imaging
  • Free Online E-Statements
  • Free Online Banking & Bill Pay

Transaction Limitations:
No excess transaction charge if transfers to another account or to third parties by preauthorized, automatic, computer or telephone transfers are limited to six per statement cycle by check, draft, debit card or similar order to third parties. There will be a $10 charge per item if you exceed these limits*.

Benefits

  • Earn Interest
  • Helps you save money
  • Higher interest on higher balances
  • Easy access to funds (checks, online & telephone)
  • Safety (FDIC Insurance)

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IOLTA (Interest On Lawyers' Trust Account)

Features

  • $100 minimum opening deposit
  • No service charges
  • Pays tiered interest - sent to the NC Bar Association each month
  • Free Online Banking & Bill Pay
  • Cash Management $40/mo.
  • Free check imaging
  • Free Online E-Statements

Benefits

  • Allows attorneys to support the NC Bar Association each month
  • Low minimum balance to open
  • Easy access to funds (checks,Online & Telephone)
  • Easy to read check images

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*Federal regulations and our deposit agreement limit the number of withdrawals and/or transfers monthly from a savings or money market account.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Effective October 1, 2003.