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Business Products Rates

Business Products Rates

Interest rates and annual percentage yields are current as of January 17, 2018 and subject to change at any time. Fees could reduce earnings.

Business Now Checking (1)

Minimum Balance to Obtain APY     Rate   APY
$ .01-$10,000.99     0.05%   0.05%
$10,001-$50,000.99     0.10%   0.10%
$50,001 >     0.15%   0.15%

 

 

Premium Money Market Business (2)

Minimum Balance to Obtain APY     Rate   APY
$ .01-$5,000.99     0.00%   0.00%
$5,001-$25,000.99     0.05%   0.05%
$25,001-$50,000.99     0.05%   0.05%
$50,001-$100,000.99     0.10%   0.10%
$100,001 >     0.15%   0.15%

 

 

We may require 7 days written notice before withdrawals from an interest bearing account.

  1. The minimum balance to open a Business NOW account is $1,500.00.
  2. The minimum balance to open a Premium Money Market Business account is $1,000.00. The account is limited to 6 withdrawals per statement cycle.

mBank may require 7 days written notice prior to withdrawals from an interest bearing checking account. It is the reader's responsibility to confirm or verify any rates with the Bank by contacting the Customer Service Center at 888-343-8147, checking the Rates pages online or contacting an mBank representative through a local branch office or our Contact Us page.  

 

T-Bill Checking Rates

Municipalities   Rate APY   Index
Municipal Checking/Corp.Cash   1.42% 1.43%   3mth T-Bill
Municipal Checking   1.58% 1.59%   6mth T-Bill

 

 

Green Checking (3)

$.01 Minimum Balance To Obtain APY     Rate   APY
All Balances     0.20%   0.20%

 

 

High Yield Business Checking (4)

$.01 Minimum Balance To Obtain APY     Rate   APY
All Balances     0.15%   0.15%

 

 

  1. Minimum to open a Green Checking account is $100.00. $3.00 per item maintenance fee if 5 check maximum exceeded.
  2. Minimum to open High Yield Checking account is $1,000.00. Maintain minimum balance of $1,000.00 to avoid maintenance fee.