FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Build and maintain your business reserves while keeping your funds accessible.
Our Business Money Market account is designed for businesses looking to build and maintain their reserves while keeping their funds accessible. With unlimited deposits and up to six debit items per statement cycle at no charge, it’s a great option for businesses that don’t need to make frequent withdrawals.
Designed for building and holding business reserves.
Up to six debit items per statement cycle at no charge.
Make unlimited deposits at no charge.
Keep convenient access to your funds.
Beginning December 1, 2026, the following fees apply to Business Money Market accounts.
A debit item includes withdrawals made through ACH debits, checks, wires, and transfers.
| Account Activity | Fee |
|---|---|
| First six debit items per statement cycle | No charge |
| Each debit item over six per statement cycle | $10.00 per item |
| Deposits (credits) | Unlimited, no charge |
We would be happy to review your business banking needs and help you find the account that works best for you. Contact us toll-free at 1-844-226-5525 or visit any Local Bank location in Tuscaloosa, Huntsville, or Red Level.
Annual Percentage Yield (APY) of 2.01% is a fixed rate accurate as of 10/30/2024. Minimum opening balance required to earn the advertised APY is $100. Rates are subject to change at any time. To fully offset the $49.95 standard monthly service fee with interest earned, a minimum average balance of approximately $30,000 must be maintained in the account. Interest earnings may vary based on account balance, and fees may reduce earnings. Contact Local Bank for more details. Member FDIC.
