A smart way for any Dallas-area business to save, our Commercial Lone Star Money Market pays Texas-sized interest on your balance of $2,500 or more. Plus, you’ll retain access to your funds for any business needs that arise. It’s a flexible, high-earning savings solution, just right for Dallas business – from your Dallas business bank.
Details
- Maximize earnings on your higher savings balance
- Earn variable, tiered interest that’s compounded and credited monthly — higher balances earn higher rates
- $15 monthly service charge if minimum daily balance drops below $2,500
- Online Banking and Cash Management available
- Free e-Statements
- $2,500 minimum deposit to open
- Beneficial owner info required when you apply
Enjoy greater earning power and flexibility for your business funds with a UTB Commercial Loan Star Money market.
Normal account opening criteria apply.
Interest Rate Information, Frequency of Interest Rate Change and Determination of Interest Rate - Your interest rate and annual percentage yield may change at any time at our sole discretion.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account - $2,500.00 minimum balance to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic interest rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
