Business & Professional Savings
Momentum Premier Commercial Money Market*:
For businesses that want a competitively priced investment account.
- Free Unlimited Momentum ATM usage and 10 fee-free uses at any ATM per monthly cycle**
- Six (6) free debit transactions per monthly cycle; $10.00 per additional debit**
- Free notary services
- Minimum deposit to open is $10,000
- Minimum balance requirement is $10,000
- Maintenance fee - $10 per month
- Monthly maintenance fee is waived with a $10,000 minimum daily balance
Momentum Business Savings:
If you don't need all the bells and whistles, this is the account for you.
- Free notary services
- Minimum balance requirement is $1,000
- Maintenance fee - $6 per month
- Monthly maintenance fee is waived with a $1,000 minimum daily balance
** Tiered Interest Rate is determined by the daily ledger balance of the account. The calculation of interest is based on the collected balance of the account. For current rate and annual percentage yield information, please speak with an American Momentum Bank representative. Interest compounded daily, credited monthly and paid on the collected balance.
** Federal regulations limit the number of debit transactions that money market and savings accounts may have. These account types may have no more than six (6) debit transactions in a monthly statement cycle and no more than three (3) can be checks or drafts payable to a third party. The regulations define a limited debit transaction as a check, check card transaction, transfer or pre-authorized transfer, including those made by a phone or modem. Unlimited transactions are permitted if made by the customer in person, by mail, at the ATM or by telephone when a check is mailed to the customer.
