Commercial Savings
Invest Your Surplus Capital for Solid Returns
Putting MetroBank to work on your surplus capital gives you the peace of mind of knowing your deposit is safe, while still earning interest. MetroBank offers a variety of ways to keep your assets liquid, while still making them work for you and your business.
Savings Account*
- Interest compounded quarterly, payable quarterly; no interest is paid if the account is closed before the interest is credited. Interest is computed on the average daily balance of $50.00 or more, which is required in order to obtain the annual percentage yield (APY) disclosed
- Minimum balance to open an account is $200.00
- Six free transfers per quarterly statement cycle or two free transfers per monthly statement cycle. No more than three by point of sale or similar order to third parties. Should transfers exceed the six or two per statement cycle, the account may be reclassified or closed. If average collected balance is below $5,000.00 withdrawals in excess of six per quarter, or two per monthly statement cycle, will be charged per withdrawal (see Service Charges and Fee Schedule section)
- No monthly service fee
- Free online banking
Money Market Account *
- Interest is computed on the average daily balance of $1,000.00 or more; less current reserves, compounded monthly, credited monthly
- Minimum balance to open an account $1,000.00
- Monthly service charge of $10.00 if the average daily collected balance is below $1,000.00
- Six free transfers per monthly cycle. Up to three of six transfers may be by check, draft or similar order to a third party. Should more than three third party checks be paid during a monthly statement cycle there will be a $10.00 charge per occurrence and may cause the account to be closed or reclassified
- Free online banking
*Interest begins to accrue on business day you deposit non-cash items (for example, checks).
