Maximize your earning potential. Place funds in a money market account that offers competitive, tiered interest rates.
Key Features
- Tiered Interest
- Direct Check Writing
- Digital Banking
Details
- Competitive, tiered rates — higher balances earn higher rates1
- Enjoy flexibility with enhanced access to funds
- Direct check-writing ability
- Transfers from a money market account to another account or third parties by preauthorized, automatic, telephone or computer transfer or by debit card or similar order to third parties are limited to 6 per month. $10 fee for each transaction over 6.
- Avoid $25 monthly service fee by maintaining a $5,000 minimum balance
- Business online banking services, including:
- Instant access to deposit, savings and loan balance information
- Free eStatements
- $100 minimum deposit to open
1Interest rate subject to change at anytime
Insured Cash Sweep (ICS)
Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options.
- Interest above standard savings, which may compare favorably with other investment alternatives
- Greater security; multi-million dollar FDIC insurance coverage
- Convenience; everything is managed internally by FNBC:
- One interest rate
- One regular statement
- One year-end tax form
- Insured Cash Sweep Savings (ICSS) – includes 6 program withdrawals per month and deposits funds to money market deposit accounts
- Less administrative burden than other collateralized deposits and repo sweep options
- Full FDIC coverage on amounts up to $50 million
Learn More
For additional information on how Insured Cash Sweeps can benefit you, contact one of our branches.