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Business Money Market
Daily compounding interest makes this Business Money Market Account ideal for funds management.
- Minimum to open: $100.00.
- Minimum balance of $5,000.00 required to avoid monthly maintenance fee of $15.00.
- Interest accrues daily on the collected balance.
- Interest paid monthly.
- Accrued interest may be forfeited if account is being closed prior to date interest is scheduled to be credited to the account.
- Interest paid on following balance tiers:
Balances below $10,000
Balances from $10,000 to $49,999.99
Balances above $50,000.
- Six transfers allowed each statement period, three of which may be checks to third parties. Unlimited transactions are allowed by mail or in person.
- Check Safekeeping feature.
Business Savings
Frontenac’s Business Savings Account offers you a safe and secure way to earn daily for your general business savings.
- Minimum to open: $100.00.
- Minimum balance of $1,000.00 required to avoid quarterly maintenance fee of $6.00.
- Interest accrues daily on the collected balance.
- Interest paid monthly.
- Accrued interest may be forfeited if account is being closed prior to date interest is scheduled to be credited to the account.
- Transaction fees:
30 free debits/checks,
then 50˘ per debit/check
15 free credits/deposits,
then 50˘ per credit/deposit
40 free deposit items,
then 20˘ per item.
Check Safekeeping feature.
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