HOME > Business Banking > Deposits > Not-for-Profit Interest Checking
Not-for-Profit Interest Checking
Recommended for Not-for-profit organizations that maintain high balances seeking money market interest rates
- A checking account that pays high tiered interest rates on balances over $50,000
Key Benefits
- Client has no per-check charges up to 100 per-month
- Client earns competitive tiered interest on compounded daily balances over $50,000
- This account eliminates the need for a separate savings account
- Easier bookkeeping
- Client can have a Deposit Only ATM Card linked to this account
Things to Consider
- Account is only available to not-for-profit entities
- Minimum opening balance: $5,000
- High interest on only those balances above $50,000
- Minimum monthly average balance of $7,500
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- Monthly fee of $16 if average not maintained
- Maximum of 21 deposits per-month, $1.50 for each additional deposit
- Maximum of 100 checks written, $0.30 for each additional check
