Designed for Commercial Checking Account customers with excess cash to invest, the Cash Management Account is a fully automated movement of your funds that offers convenience, liquidity, and enhanced yield. Minimum Requirements inlcude a Commercial Checking Account. $50 monthly fee. After processing your daily activity, your excess funds (over an established target balance) are then automatically transferred to your Cash Management Account. The target balance is the balance that must be kept to offset monthly activity fees.
Apply By Phone
1-800-445-5725
Annual Interest Rate
0.7%
Paperless Statements
Yes
Transaction Fees
Yes
Monthly Fee
Yes
Deposit Insurance
No
Account Opening Bonus
-
Overdraft Protection
-
Tiered Interest Rate
Yes
Every business should have its own bank account. There are legal reasons to keep your personal and business funds separate as well as tax ramifications. It also simply makes good sense.