Open a Business Silver Eagle Account for Business Savings
Once you have a business checking account in place, it’s time to start thinking about saving for your future.
A Money Market Savings Account is a competitive option that allows you to earn interest on your excess funds. The advantage is that you have daily access to your funds and the rate will adjust as market rates adjust. This is ideal for the customer who is unsure of tying their money up in a Certificate of Deposit, but still wants to take advantage of future interest rate increases.
If the balance falls below the $500 minimum anytime during the month, a fee will be assessed and no interest will be earned. The interest rate is tiered based on account balance. The rate change is effective the first business day of each month. *See restrictions
*Restrictions for Silver Eagle Money Market account - By Federal Regulation, you are allowed only 6 third-party withdrawals or transfers by check, ATM card or similar payment per month on a Money Market account. However, you can make unlimited withdrawals at no cost at Wayne Bank's ATM, in person at the Bank, or by request mailed to the Bank. See miscellaneous fees and charges(Opens in a new Window) schedule for details.