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Merchants Bank of Commerce
 

Business Savings

 
 
 
Accordion 1
Business Savings

Easily set aside funds for emergencies, equipment needs and capital investments.

THE BASICS:
  • $100.00 minimum to open
  • $500 average monthly balance1 to avoid $6.00 monthly service charge
  • Limit 6 preauthorized transactions per statement cycle at no charge, $15.00 charge for additional transactions3
THE FEATURES:
  • Tiered interest rates4
  • Unlimited Merchants Bank of Commerce automated teller machine (ATM) and in-branch withdrawals
  • Automatic transfers and/or sweep arrangements
  • ATM card
1. The average monthly balance is calculated by adding the principal in the account for each day of the statement period and dividing that sum by the number of days in the statement period.
3. Federal regulations limit certain types of withdrawals and transfer transactions you can make from a savings (including Holiday Club Savings) or money market account.
4. Refer to the current rate sheet for interest information.
 
Refer to the Account Terms and Conditions for additional information regarding your account and the Schedule of Fees and Services for additional fees that may be assessed. See account disclosure for full details. Fees may reduce earnings on the account.
Accordion 2
Business Money Market

Enjoy competitive interest rates while maintaining full access to your funds.

THE BASICS:
  • $100.00 minimum to open
  • $2,500 average monthly balance1 or $10,000 in combined monthly balances2 to avoid $15.00 monthly service charge
  • Limit 6 preauthorized transactions per statement cycle at no charge, $15.00 charge for additional transactions3
  • Check images accessed through online banking will have no charge; there will be a $2.00 charge if you request check images with your monthly paper statement
THE FEATURES:
  • Tiered interest rates4
  • Unlimited Merchants Bank of Commerce in-branch withdrawals
  • Automatic transfers and/or sweep arrangements
 
1. The average monthly balance is calculated by adding the principal in the account for each day of the statement period and dividing that sum by the number of days in the statement period.
2. The combined balance will include the total average monthly balance of your Business Money Market account and the average monthly balance of any additional checking or savings accounts that are owned by you. Accounts must have the same vesting to be considered for combined balance purposes.
3. Federal regulations limit certain types of withdrawals and transfer transactions you can make from a savings (including Holiday Club Savings) or money market account.
4. Refer to the current rate sheet for interest information.
 
Refer to the Account Terms and Conditions for additional information regarding your account and the Schedule of Fees and Services for additional fees that may be assessed. See account disclosure for full details. Fees may reduce earnings on the account.
 
Accordion 3
Certificates of Deposit (CDs)

Accelerate your savings with our attractive interest rates.

THE BASICS:
  • $500.00 minimum to open
  • 10-day grace period
  • Early withdrawal penalty will apply if the CD is closed before the maturity date
THE FEATURES:
  • Competitive interest rates
  • Flexible terms from 91 days to 5 years
  • Receive interest payments monthly, quarterly, semiannually or at maturity


Refer to the Account Terms and Conditions for additional information regarding your account and the Schedule of Fees and Services for additional fees that may be assessed. See account disclosure for full details. Fees may reduce earnings on the account.

 

Find the perfect checking fit for your business.

Business Line of Credit
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Our Business Lines of Credit allow you to borrow according to your needs.
 
 
 
Account Services

Services to make your banking experience even easier.


 
Trade Organization Banking
Specialized Banking for Trade Associations.