Geared For Growth
maximize your interest with the power of prime
Our Business Prime Money MarketA is designed for businesses with large balances that want market-responsive rates and liquidity. This account is indexed to the Wall Street Journal Prime Rate and updated monthly. In addition, this account also allows access to funds via multiple channels, with a limited number of monthly account transactions.
MINIMUM OPENING DEPOSIT
ANNUAL PERCENTAGE YIELD
- 2.20% on balances of $25,000 or more.
MINIMUM DAILY BALANCE
- $25,000 minimum daily balance required to obtain the stated Annual Percentage Yield (APY) and avoid $25 service charge
- The Business Prime Money Market is indexed to the Wall Street Journal
- This account is a relationship reward for business customers with a business checking account at Inland Bank
For more information call 1‐833‐235‐7879.
A - Business Prime Money Market -New money only. New money is defined as money not on deposit with Inland Bank at or within 90 days prior to account opening. $25,000 minimum deposit required to open account. $25,000 minimum daily balance required to obtain the stated Annual Percentage Yield (APY) and avoid $25 service charge. (See rate tiers below) Variable rate tiered product. Interest is calculated and paid on the entire balance in your account. The interest rate and the APY may change and are based on a margin percentage of the Wall Street Journal (WSJ) Prime. Rates are accurate as of 03/01/19 and tiers are: Tier One $0-$24,999 = 0.00% APY / Interest Rate of 0.00%; Tier Two $25,000 and up = APY of 2.20% which is 40.00% of WSJ Prime / Interest Rate = 2.18%. We may change the interest rate and APY on the first business day of each month excluding federal holidays. Other activity restrictions and fees may apply, see our New Account Disclosure and Fee Schedule for Terms and Conditions, ask a banker for details. Fees could reduce earnings. ACCOUNT MUST MAINTAIN A COMPANION CHECKING ACCOUNT – Business Prime Money Market Account Holders are required to maintain a qualifying companion business checking account. If there ceases to be any companion business checking account to the Business Prime Money Market, the Business Prime Money Market may be converted to the Premier Business Money Market at the current rate within 30 days of the event. The Inland name and logo are registered trademarks being used under license. REV030119
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