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Business Money Market Account
A Business Money Market Account is your cash management work horse. Connect to your business checking and/or line of credit with a sweep option to optimize cash flow. Tiered rates based on average collected monthly balance and convenient anytime access to funds. Account Benefits
Tiered rates on average collected monthly balance
Limit 6 withdrawals per month
Easy access to funds with checks
Link to checking for automatic overdraft protection
A sweep option can help you maximize savings if your checking account balance regularly and significantly exceeds your daily operating expenses. Also a good option in tandem with a Business Line of Credit. At the close of each business day, excess cash above a specified balance is automatically transferred into an FDIC-insured money market account, where it earns interest until it is needed to cover expenses.
Calculate your insurance coverage using the FDIC's Electronic Deposit Insurance Estimator or contact your local branch office today. For more information, visit www.fdic.gov/ .
Consult a Financial Services Representative for current interest rates and Annual Percentage Yield information.
Balance to waive based on average collected monthly balance.
Government regulation limits the number of pre-authorized withdrawals from a money market or savings account to 6 per monthly statement period.
$5 fee for each excessive transfer for savings accounts and $10 fee for each excessive transfer for money market accounts. Account is subject to closure upon 3rd instance of excessive transactions in a 12-month rolling period.
There is a $5.00 fee for each overdraft transfer.
Savings and money market accounts not tied to a checking account are eligible for an ATM card only. Savings and money market accounts that are tied to a checking account will have access to a debit card.
American River Bank
American River Bank serves clients throughout Northern California, including Sacramento, Roseville, Santa Rosa, Healdsburg and Jackson (Greater Sacramento Area, Sonoma County, Amador County, San Francisco Bay Area - South Bay, North Bay, and East Bay).
Mailing Address P.O. Box 276300
Sacramento, CA 95827-6300