Business Money Market

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.

  • Free Online Banking
  • Free eStatements
  • Initial deposit of $2500 required
  • Balance below $2500 subject to penalty
  • $50,000 balance earns a higher variable interest rate
  • Interest paid less service charges
  • Debit transactions limited to 6 per month

See customer service representative for our full account disclosures.  Contact St. Ansgar State Bank for current interest rates.

 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

 Effective January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.  For more information about FDIC insurance coverage, visit http://www.fdic.gov/deposit.