Business Deposit Rates

Business Deposit Rates*

Effective November 14, 2019
Account TypeMinimum Deposit to OpenMinimum Daily Balance to earn APYAPY
Business Interest Checking 1$10.00$10.000.05%
Commercial Money Market 2$10.00$0.00 to $9,999.990.05%
  $10,000 to $24,999.990.20%
  $25,000 to $999,999.990.20%
  $1,000,000 and over0.20%
Indexed Money Market Account 2$10.00$0.1 - $49,999.990.00% - 0.15%
  $50,000.00 - $149,999.990.15% - 0.38%
  $150,000.00 - $349,999.990.38% - 1.18%
  $350,000.00 - $499,999.991.18% - 1.49%
  $500,000.00 - $999,999.991.49% - 1.74%
  $1,000,000.00 - $2,500,000.001.74% - 1.83%
1. Annual Percentage Yield (APY) is subject to change. Minimum balance requirement is waived for non-profit organizations (IRS Code 26, Section 501(c)(3) required).

2. Annual Percentage Rate (APY) is subject to change after the account is opened and assumes that interest remains on deposit. Fees could reduce earnings.

Need more information about Business Money Market accounts?

We understand that each company’s situation and goals are different — contact us online or call a North Shore Bank Commercial Banker to discuss the options available to you.