Summit Money Market
Sit back and watch your money grow in a Summit Money Market account! Use our Money Markets to earn higher interest while your funds remain liquid for easy access.
Perks:
- Free E-Statements
- Free view-only Internet Banking
- Free Mobile Banking
- Set up automatic transfers from your CoreFirst Business Checking account to build your balance
- Interest is computed daily and paid monthly
- Funds remain liquid for easy access
- Safety of FDIC Insurance2
Rates:
| Annual Percentage Yield1 | Paid on qualifying balances |
|---|---|
| 0.30% APY* | Paid on balances under $25,000 |
| 0.50% APY* | Paid on balances of $25,000 to $49,999.99 |
| 4.07% APY* | Paid on balances of $50,000 to $99,999.99 |
| 4.07% APY* | Paid on balances of $100,000 to $249,999.99 |
| 4.07% APY* | Paid on balances of $250,000 to $999,999.99 |
| 4.07% APY* | Paid on balances $1,000,000.00 to $2,999,999.99 |
| 4.07% APY* | Paid on balances $3,000,000.00 and over |
Important Balance Informa tion
If the daily balance is less than $25,000, the interest rate on the entire account balance will be 0.30% with an annual percentage rate of 0.30%. If the daily balance is more than $24,999.99, but less than $50,000, the interest rate paid on the entire balance of the account will be 0.50% with an annual percentage yield of 0.50%. If the daily balance is more than $49,999.99, the interest rate paid on the entire balance in the account will be 4.00% with an annual percentage yield of 4.07%.
*Annual Percentage Yield (APY) is valid as of . This is a variable rate and subject to change at any time after account opening. Each tier shown reflects the daily minimum collected balance required to obtain the applicable APY. Fees could reduce account earnings. Rates apply for personal accounts only. There is no minimum amount required to open account. See account disclosures for transaction limitations. FDIC limits apply. Please visit www.fdic.gov to make informed decisions about your deposit coverage, or, visit one of our branches and talk to one of our bankers or call 1-800-280-0123.
Details:
- Avoid an $10.00 monthly maintenance fee by maintaining a $25,000 minimum daily balance
- Avoid a $3.00 print statement fee by enrolling in online E-Statements
Available with your account:
2Basic FDIC deposit insurance coverage has permanently been increased to $250,000 per depositor.
Transactions restricted by the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) are prohibited from being processed through this commercial account. This prohibition became effective on June 1, 2010. Additional information can be obtained by calling 1.800.280.0123.
