Commercial Platinum Money Market Account

WHAT IS A COMMERCIAL PLATINUM MONEY MARKET ACCOUNT?

Business Money Market Savings Accounts are a low-risk way for business owners to earn more money on funds. They offer check-writing, debit card usage, and higher APY rates than traditional savings accounts. Money Market accounts usually require a larger minimum deposit than traditional savings accounts.

WHAT ARE THE BENEFITS OF A BUSINESS MONEY MARKET SAVINGS?

Business Money Market Accounts offer the advantage of compounded interest on funds, tiered interest rates to maximize earnings, and the ability to access funds and make withdrawals. The FDIC insures Money Market Savings accounts, so your funds are protected.

• Competitive, tiered rates — higher balances earn higher rates¹
  • Compounded and paid monthly based on the average collected balance in the account
• Enjoy flexibility with enhanced access to funds, including direct check writing:
  • Unlimited in-person withdrawals or by mail
  • The total number of preauthorized transfers allowed is six (6) per statement cycle.
    • Transactions in this category include automatic transfers to third parties, preauthorized payments, wire transfers and telephone transfers to another account of the same depositor. A transaction charge of $10.00 per item is assessed to the Commercial Platinum Money Market for exceeding these limits.
• 20 deposit items included; 25¢ per item thereafter
• If the average collected balance falls below $1,000.00, there will be a $12.00 service charge assessed
• Digital banking services include:
  • MyBanker™ Online Banking Service
  • MYBILLPAY® Online Bill Payment Service
  • First Lonestar Bank Mobile App²
  • MYE-DOCS® Electronic Statements
• $1,000 minimum deposit to open
• Check out our current Money Market Rates

READY TO START EARNING MORE WITH A BUSINESS MONEY MARKET?

Contact us at First Lonestar Bank by phone, email, or a branch visit to open your new Commercial Platinum Money Market account. Check out our current Business Money Market Rates in Texas to see how much you could earn! Interested in other Business Savings options? Compare our Business Savings accounts in Texas here!

Contact First Lonestar Bank to get started!
Call a Universal Banker today at 469.389.3660 or stop by our branch in Frisco, Texas, today!