Higher Balance, Better Rate!
Looking for a more rewarding place for your business’s funds? A business Money Market account from Oak View National Bank offers the interest rates you’re looking for along with access and security.
Our Money Market account for business owners allows you to earn a tiered interest rate on your account balances. The higher your balance, the more interest you could possibly earn to help your funds grow. And, since the account is easily accessible, you can make payments or transfer money to your business checking account when the time comes.
Business Money Market Rates
| Tier | Interest Rate | APY |
|---|---|---|
| $.01 - $2,499.99 | 1.04% | 1.05% |
| $2,500 - $9,999.99 | 1.04% | 1.05% |
| $10,000 - $99,999.99 | 1.04% | 1.05% |
| $100,000 - $249,999.99 | 2.03% | 2.05% |
| $250,000 - $499,999.99 | 2.03% | 2.05% |
| $500,000 - $999,999.99 | 2.03% | 2.05% |
| $1,000,000 - $2,999,999.99 | 3.10% | 3.15% |
| $3,000,000 - over | 4.30% | 4.39% |
Business Relationship Money Market Rates
| Tier | Interest Rate | APY |
|---|---|---|
| $.01 - $2,499.99 | 1.04% | 1.05% |
| $2,500 - $9,999.99 | 1.04% | 1.05% |
| $10,000 - $49,999.99 | 1.04% | 1.05% |
| $50,000 - $99,999.99 | 1.29% | 1.30% |
| $100,000 - $249,999.99 | 2.03% | 2.05% |
| $250,000 - $499,999.99 | 2.03% | 2.05% |
| $500,000 - $999,999.99 | 2.03% | 2.05% |
| $1,000,000 - $2,999,999.99 | 3.10% | 3.15% |
| $3,000,000 - over | 4.30% | 4.39% |
APY = Annual Percentage Yield. APYs accurate as of 9/17/2024. Minimum balance required to avoid monthly maintenance fee; fees may reduce earnings. Minimum balance to open is $2,500. For tiered rate accounts, the APY for the highest tier for which there is a balance is paid for the entire balance of the account.
Advantages of Using a Money Market Account
In addition to a high interest rate, our Money Market account also comes with FDIC protection and free access to Business Online Banking, eStatements with check images and our Telephone Banking Account holders can also use our night depository services.
Stop by any Oak View National Bank office in Warrenton, Marshall, Culpeper, or Flint Hill today to learn more or open your Business Money Market account!
For additional information on fees and other account terms, please review our Truth in Savings disclosure and Schedule of Fees.