Business Savings and Money Markets
We know you are ambitious and passionate about your business and that is why we offer savings accounts to get your business where you want it to be. Bristol Morgan Bank has a basic business savings as well as a money market so it doesn’t matter if you’re a new business just starting to save or if you have extra funds that you want to gain more interest. Our business savings accounts help you to achieve your savings goals.
Business Money Market (formerly EZ Business Money Market Savings)
Save to reinvest back into your business. Bristol Morgan Bank’s Business Money Market account offers higher interest rates to make you one step closer to reaching your business goals. Start saving now—you’ll receive higher interest with a higher balance.
| Open with | $500 |
|---|---|
| Earns interest | Yes 1 -Credited quarterly |
| Minimum balance | $2500 2 |
| Transaction limitations | No limit |
| Rate information | Rates fluctuate with the market so your interest rates are subject to change, but we always make sure we are offering highly competitive interest rates. |
| How we calculate interest | Daily balance computation method-applies a daily periodic rate to the principal in the account each day. |
- $2500 is the minimum balance to obtain APY
- There is a monthly service charge of $10 if account falls below $2500 any day of the cycle.
Business Savings
Does your business have temporary cash flow during a certain time of year? You can park that money into a business savings. Our Business Savings account makes this easy because you don’t have to keep a high balance all year long.
| Open with | $100 |
|---|---|
| Earns interest | Yes-Credited quarterly |
| Minimum balance | $100 1 |
| Transaction limitations | No limit. |
| Rate information | Rates fluctuate with the market so your interest rates are subject to change but we always make sure we are offering highly competitive interest rates. |
| How we calculate interest | Daily balance computation method-applies a daily periodic rate to the principal in the account each day. |
- There is a monthly service charge of $5 if account falls below the daily minimum balance.