Business Money Market Account
Make Your Business Work for You.Your business savings are just as important as your personal savings. If there were a way to grow them even faster, wouldn't you do it? Well, there is. With a Columbia Bank Business Checking Account, you are qualified to open a Columbia Bank Business Money Market Account.
It's a safe and effective way to earn interest on your cash surpluses. The bigger your balance, the more you'll earn. Plus, Business Money Market Accounts can be easily linked to our other online banking services, so you can do all your business banking anywhere, anytime.
More About Your Columbia Bank Business Money Market Account:
- Each account features competitively priced and tiered interest rates
- You can start earning interest with as little as $0.01
- No monthly minimum balance
- No monthly service charges
Business Money Market Deposit Account
Effective Date: November 1, 2018
|Minimum Balance to Obtain
Annual Percentage Yield
|Interest Rate||Annual Percentage Yield|
|$0.01 - 24,999.99||0.25%||0.25%|
|$25,000.00 - 49,999.99||0.35%||0.35%|
|$50,000.00 - 99,999.99||0.35%||0.35%|
|$100,000.00 - 249,999.99||0.50%||0.50%|
|$250,000.00 - 499,999.99||0.60%||0.60%|
|$500,000.00 and Above||0.75%||0.75%|
All information on this disclosure is accurate for the effective date listed above. Current interest rates and annual percentage yields are available by calling our Customer Service Center at 1-800-522-4167. You may also find rate information on our website https://www.columbiabankonline.com. All deposits of cash and non-cash (for example, checks) into an interest bearing Business Money Market Deposit Account begin earning interest from the day of deposit to the date of withdrawal. We use the daily balance method to calculate interest on all interest bearing accounts, applying a daily periodic rate to the principal balance in the account each day. The interest rates and annual percentage yields on the variable rate interest bearing Business Money Market Deposit Account may change daily after the account is opened. Interest rates are not tied into any index. They are established at the discretion of the Columbia Bank Pricing Committee. The minimum amount to open a variable rate interest bearing account is $0.01. Interest is credited monthly and compounded monthly. Interest is calculated daily on the full balance in the account based on the stated interest rate that corresponds to the applicable deposit tier. If you close your variable rate Business Money Market Deposit Account before interest is credited, you will not receive the accrued interest. Federal regulations limit the number of checks written, POS purchases or other electronic transactions that you can make to six per statement cycle. A $15.00 fee will be charged for each transaction that exceeds the six per statement cycle. Please see our Deposit Account Agreement and Disclosure and our General Schedule of Fees for other fees that may apply to this account.