Get the Liquidity of a savings account, the access of a limited transaction checking account and the security of FDIC coverage when you open a Commercial Money Market.
Features:
- $100.00 minimum to open
- $10,000.00 balance to avoid monthly fee
- $17.50 monthly fee for balances below $10,000.00
- Interest earned daily on collected balances
- Interest paid monthly
- Interest paid on the following balance tiers
- $0.01 – $2,499.99
- $2,500.00 – $9,999.99
- $10,000.00 – $24,999.99
- $25,000.00 – $49,999.99
- Balances over $50,000.00
- 6 transfers or withdrawals or checks to third parties are allowed each statement period. There is a $10.00 fee for each check/transfer in excess of the allowed transactions
- Transaction Fees
- Credits/Deposits = $0.35 each
- Debits/Checks = $0.15 each
- Deposited Items = $0.10 each
- ACH Items = $0.15 each
Added Benefits:
- Royal Banks Digital Banking Services (Bill Pay $5.95 Monthly (Bill Pay includes 20 bills per month, each additional $.40 each), Cash Management $45.00 Monthly)
- eStatements available
- No annual fee Royal Banks Credit Cards (subject to application and approval)