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Savings MMA & CDs

You work hard to make your business the best it can be.  Keep you business goals on track and keep your excess funds working for you.

 

Business Savings Account

  • Earn competitive rates on all deposited funds when you maintain an average daily balance of $ 2,500.00 or more.  No interest earned on days the average daily balance falls below $2,500.00.  Interest rates are variable and are subject to change at any time without notice.
  • Interest is accrued daily and credited quarterly
  • If average daily balance falls below $2,500.00 during the quarter, a $10.00 service fee will be charged.  Fees could reduce earnings.
  • You may make up to six withdrawals from your account per month. A withdrawal is a transfer from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer, or by check, draft, debit card, or similar order.  If you exceed this limitation in any 12-month cycle, the account will convert to a noninterest bearing account in accordance with Federal Regulations.
 

Business Money Market Account

Earn market rates on your checking account balance when you maintain a daily balance of $5,000.00 or more. Balances under $5,000.00 earn no interest.  Fees could reduce earnings; rate may change after account opening.

  • Interest is compounded daily and credited monthly (if your daily balance falls below $5,000.00, a monthly service charge of $10.00 is applied)
  • There are no limits on the number of transfers or withdrawals that you may make in person at any of our branches, or at an ATM.
  • You may make up to six withdrawals from your account per statement period. A withdrawal is a transfer from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer, or by check, draft, debit card, or similar order.  If you exceed this limitation in any 12-month cycle, the account will convert to a noninterest bearing account in accordance with Federal Regulations.
  • A $10.00 service charge will be imposed for each withdrawal over six per statement period.
  • See rates page

 

Certificates of Deposit

All Grand Bank certificates of deposit, offering competitive rates and terms, are available to our business customers.