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Cash Management Solutions

Cash Management Solutions
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Savings Account Solutions

Businesses looking to earn one of the highest yields in the region.

Savings
Among the highest rates in the region

  • $100 minimum to open
  • $500 average available quarterly balance required
  • $30 below required balance fee
  • Access to 55,000+ surcharge-free ATMs in the Allpoint Network

Money Market

  • $100 minimum to open
  • $2,500 average available monthly balance required
  • $10 below required balance fee
  • No monthly fee

ICS® Money Market*
A high-yield, FDIC-insured account

  • FDIC coverage above $250,000
  • $100 minimum to open
  • $2,500 average available monthly balance required
  • $10 below required balance fee
  • $100 monthly fee
Savings Account Rates
Current Rates
Products Annual Percentage Yield* (APY)
Savings (Business) 0.15%
Savings (New Deposits; Business)** 0.75%
Products Avg. Monthly Min. Balance Annual Percentage Yield* (APY)
Money Market I*** $1 – $49,999 0.2%
Money Market II*** $50,000 – $99,999 0.25%
Money Market III*** $100,000 – $249,999 0.35%
Money Market IV*** $250,000 – $499,999 0.4%
Money Market V*** $500,000 – $999,999 0.45%
Money Market VI*** $1,000,000 and Above 0.45%

*Fees may reduce earnings. Rates are subject to change at anytime at management’s discretion, without limitation on the percentage change.

**0.75% APY savings with a guaranteed rate until 12/31/2016.

***Money Market utilize tiered interest rates. Min. opening deposit $100. For MMA I-VI, if average monthly balance falls below $2,500, a $10.00 fee will apply. Rates are variable and subject to change. Each account requires a minimum balance to earn specified APY (annual percentage yield). Unlimited cash withdrawals may be made from Money Market/Savings Accounts, at no extra charge, by using withdrawal tickets available in our branches. By law, only six non-cash withdrawal transactions are permitted per statement cycle. a $5 fee per occurrence will be levied for transactions over limits. Accounts that consistently exceed limits will automatically and permanently revert to non-interest bearing accounts. Fees may reduce earnings.

CD Rates
Term (months) Annual Percentage Yield* (APY) Minimum Investment
3 0.20% $1,000
6 0.20% $1,000
12 0.85% $1,000
18 0.90% $1,000
24 1.15% $1,000
30 1.10% $1,000
36 1.25% $1,000
48 1.75% $1,000
60 2.0% $1,000
96 1.10% $1,000
120 1.20% $1,000

*Penalty may apply for early withdrawal. Fees may reduce earnings.

Money Market accounts utilize tiered interest rates. Rates are variable and subject to change. Each account requires a minimum balance to earn specified interest rates. Unlimited cash withdrawals may be made from Money Market/Savings Accounts, at no extra charge, by using withdrawal tickets available in our branches. By law, only six non-cash withdrawal transactions are permitted per statement cycle. A fee per occurrence will be levied for transactions over limits. Accounts that consistently exceed limits will automatically and permanently revert to non-interest bearing accounts.

*ICS®, Insured Cash Sweep®
Royal Bank America is part of the ICS Network. When you place a large deposit with us using ICS, your deposit is divided into amounts under the standard FDIC insurance maximum, so that both the principal and interest are eligible for FDIC insurance. As a result, you can receive coverage from many banks while working directly with just us. 
Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you will enter into with us. Limits and customer eligibility criteria apply. Program withdrawals are limited to six per month when using the savings/money market option. If you are subject to restrictions with respect to the placement of funds in depository institutions, it is your responsibility to determine whether the placement of your funds through ICS, or a particular ICS option or transaction, satisfies those restrictions. Insured Cash Sweep is a registered service mark, and ICS is a service mark, of Promontory Interfinancial Network, LLC.

Certificates of Deposit

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0.75% Savings Account

Save More. Worry Less.

0.75% *APY Savings Account

 

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