Business Savings Account

Business Savings carries a variable rate of interest and provides the opportunity to withdraw and deposit funds throughout the month. 

• Minimum balance to avoid monthly service fee $200

• $50 minimum to open

• $3 monthly service fee if balance falls below minimum

Business Matrix Money Market

• $10,000 minimum to open

• Minimum balance to avoid service charge $2,500

• $6 monthly service fee if balance falls below minimum

• Matrix Money Market designer checks FREE

• Unlimited deposits

• Unlimited in-person withdrawals

• Six-tiered interest yield levels; interest paid
  on all balances

• Maximum of 6 pre-authorized or electronic withdrawals, not more than 3 by check, per monthly statement cycle

Sweep Accounts

Let your excess funds earn more! It's simple to earn interest on your excess operating funds - without spending the time to make daily investment decisions. At the end of each business day, the Cash Sweep will automatically sweep excess dollars over the pre-determined threshold balance into the overnight investment fund of your choice. Cash is moved back and forth to maintain the balance threshold. Each morning, all of your invested funds will be available to your checking account, as needed. You'll receive a detailed report of all activity and earned interest with your monthly checking account statement.

• Reduces your in-house cash management administrative costs 

• Maximizes earning potential of idle funds 

• Liquid investment options offer flexibility 

• Convenient and simple to set up 

• Checking account is FDIC insured