Savings & Money Market Accounts
Whether saving for an important purchase, or just to see your money grow, Banterra has a savings account to meet your needs.
Banterra's Preferred Savings Account (Tiered)
A basic savings account for small businesses
- $100 minimum balance to avoid a fee ($2 monthly service charge if balance drops below)
- Interest - $100 minimum balance required
- Transactions - transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, debit card, or similar order to third parties
- Fees - a per-item service charge of $2 will be charged for each withdrawal in excess of four per month
Money Market Account
Liquid cash is a critical asset for a growing company on the move. It facilitates purchases and covers expenses. And while it's important to keep cash on hand to respond to day-to-day demands, it's also important to keep that money working for you as hard as it can. This is a great business account for earning a completive market rate of interest while giving access to your funds.
- $2,500 minimum to open
- Interest - $2,500 minimum balance required
- Transactions - transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle
- $8.50 service charge each statement cycle unless a minimum daily balance of $1,500 or a minimum average daily balance of $2,500 is maintained
Banterra’s Preferred Money Market (Tiered)
Now you can put your savings and operating funds to work for you by earning interest based on current money market rates. The amount of money in your account determines your interest rate, and rates can increase as the balance of the account grows.
- $10,000 minimum to open
- A Service of $10 per statement cycle will be waived with $10,000 minimum daily balance in combination of identified NOW, Savings, Money Market Deposit Account, Certificate of Deposit or Home Equity Line of Credit accounts.
- Higher rate of Interest - $10,000 minimum balance required
- Transactions - transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle
