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Business Basic Money Market Account

Your business wants every dollar working. This account earns interest and has limited check writing capability. Open this account with just $2,500.00 and start managing your cash flow today.

Features
  • Free unlimited deposits
  • Write up to six withdrawals per month
  • Can provide overdraft protection for your business checking accounts
  • Access to your account information using our Online Banking Solution
  • Transfer funds to and from this account conveniently and easily online
  • Download account information to Intuit QuickBooks® and Microsoft® Money in one easy step
  • E-mail alerts automatically sent when your balance goes above or below dollar amounts you specify
  • View up to 24 months of statements online
  • FDIC insured
  • Conduct business online, through the mail (use our free bank-by-mail envelopes) or at any of our convenient Financial Centers


Monthly Fee
  • All of the above features are included in the low monthly fee of $15.00. We will waive the fee each month you maintain a minimum balance of just $2,500.00 in your account.
Interest Rate

Business Basic Money MarketInterest RateAPY*
Less than $2,499.99 None None
$2,500.00 to $24,999.990.10% 0.10%
$25,000.00 to $49,999.990.15% 0.15%
$50,000.00 to $99,999.990.20% 0.20%
$100,000.00 or above 0.55% 0.55%

* Annual Percentage Yield (APY) is accurate as of 7/29/2010. Rates on CDs are fixed for the term of the CD at the time of opening. For all other interest bearing accounts, the interest rate may change after account is opened. Rates offered are subject to change at any time without prior notice. Fees and early withdrawal penalties could reduce earnings on the account. See Product Information for other terms and conditions.

This account has the following transaction restrictions and charges:
  • Limit of six withdrawals, transfers to another Pacific Mercantile Bank account, or electronic (ACH) debit transactions allowed per month; no more than 3 of these transfers allowed by check, draft, debit card or similar order.
  • Debits in excess of the maximum will be assessed a fee of $15.00 each.
Disclosures:

Terms and Conditions | Account Details | Schedule of Fees and Charges | Funds Availability



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