Business Money Market
This account earns interest at competitive money market rates, and includes limited check-writing privileges.
- Low monthly maintenance fee of $10
- Monthly fee waived with a $1,000 average daily balance
- Unlimited withdrawals and transfers between accounts in person or at an ATM
- 6 pre-authorized automatic or phone transfers or payments per statement cycle, including 3 checks maximum
Premium Business Money Market
You earn competitive interest rates on excess balances, and the rate increases when your balance increases. There is no required average daily balance, and no monthly fee when your primary business checking account is with Sovereign.
- Tiered interest rate based on account balance
- Low monthly fee of $10
- Monthly fee waived with $5,000 average daily balance
