Business Banking - Money Market Accounts

Money Market imageWelch State Bank’s Money Market Account is an interest bearing account designed specifically for corporations, for-profit organizations; partnerships; and other entities that are not eligible for interest-bearing checking accounts. 

With a Welch State Bank Money Market Account you have the ability to write a limited number of checks and still earn interest. 

This account allows six (6) third-party transactions to clear your account per statement cycle. 

No matter what your business is, Welch State Bank offers a variety of financial products to our business checking account’s to make your banking as convenient as possible.  Such as Cash Management Tools, Business Loans for all types of business related purposes, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals. 

Minimum to Open

$1,500.00

Monthly Service Charge

FREE with a daily balance of $1,500.00 or more
$15.77 monthly maintenance fee if the daily balance drops below $1,500.00.

Interest Bearing

YES - $1,500.00 daily balance required to earn interest
Interest Rate and Annual percentage Yield Tiers are:

 

$1,500.00 to $9,999.99

 

$10,000.00 to $24,999.99

 

$25,000.00 to $49,999.99

 

$50,000.00 to $99,999.99

 

$100,000.00 & Over

Items cleared against account per statement

Only 6 third-party transactions may clear your account per statement cycle. 
A $2.29 excessive fee does apply when these restrictions are exceeded.  Over-the-counter transactions are unlimited.

In-person transactions

UNLIMITED

Items deposited into account

UNLIMITED

Check Printing

FREE – First box of Bank Checks

Imaged Statement

YES

Online Banking

FREE

Online Bill Pay

FREE

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