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Business Savings

 

Account Business Savings Commercial Mountain Money Market
Description   Mountain Valley Community Bank Money Market account offers competitive rates and rewards higher balances with a tiered rate structure.
Opening Balance $100 $1,000
Service Charge $5 Quarterly $10 Monthly
Service Charge Waived $300 minimum daily ledger balance $2,500 minimum daily ledger balance
Interest Bearing Yes Yes
Interest Tiers $0 or more+ $0 or more*
Statements Paper or Electronic Paper or Electronic
Withdrawals Two (2) free withdrawals per quarter Six (6) free withdrawals per statement cycle
Other Fees Excessive activity charge of $5 for each withdrawal over two (2) per quarter Federal regulations limited third party or preauthorized withdrawals to six (6) per statement cycles. An excessive activity charge of $10 will be assessed for each withdrawal in excess of those permitted.

+ Interest will be calculated on daily collected balances and credited quarterly.
* Interest will be calculated on daily collected balances and credited monthly.