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Commercial Savings & Money Market Accounts

Offering a full suite of commercial banking accounts, our products will help you achieve more in your business by helping you maximize your dollars and minimize your time.

Deposit Special!

Achieve More Commercial Money Market

Achieve More CMM

Every business needs to earn more on its cash reserves and our all-new Achieve More Commercial Money Market account makes it happen. A Commercial Money Market account provides these competitive advantages:

  • Earns Interest
  • Easy-to-read electronic monthly statements with check images in check number order to facilitate account balancing
  • Six complimentary withdrawals per month**

 

  • Account Maintenance Fee: $10.00 monthly
  • Account Maintenance Fee waived if: Maintain a minimum daily balance of $10,000 for the statement cycle.
  • Account Activity Fees apply***

*Offer valid beginning May 1, 2019 and may be eliminated at any time. Requires minimum $75,000.00 opening deposit.  Initial deposit must come from funds not currently on deposit with Providence Bank & Trust.  APY refers to Annual Percentage Yield. Account balances of $2,500 to $9,999.99 will earn 0.11% APY, account balances of $10,000 to $74,999.99 will earn 0.50% APY, and account balances of $75,000.00 to $250,000.00 will earn 1.20% APY.  Any additional account balance exceeding $250,000.00 will earn 0.50% APY.  APY is accurate as of May 1, 2019.  Rates are subject to change at any time. Fees may reduce earnings.  Other fees or restrictions may apply. Requires a Commercial Checking account to be opened.

** Transfers from a money market to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six.

*** 4 deposits included, then $0.50 each additional deposit.  10 checks in deposits included, then $0.15 per each additional item deposited.  All per statement cycle.

 

Commercial Statement Savings

For businesses that value an easy and convenient way to earn interest on savings, Commercial Statement Savings provides these advantages:

  • Earns Interest
  • Electronic Statements
  • Interest compounded and paid quarterly
  • Six complimentary withdrawals per month*

 

  • Account Maintenance Fee: $10.00 monthly
  • Account Maintenance Fee waived if: Maintain a minimum daily balance of $500 each month.

* Transfers from a savings account to another account or to third parties by preauthorized, automatic, telephone or internet transfers are limited to six per month with no transfers by check, draft, debit card or similar order to third parties. A $5.00 service fee applies for each withdrawal exceeding six.

 

 

Commercial Money Market

For accounts that require few monthly transactions, a Commercial Money Market account provides these competitive advantages:

  • Earns Interest
  • Easy-to-read electronic monthly statements with check images in check number order to facilitate account balancing
  • Six complimentary withdrawals per month*

 

  • Account Maintenance Fee: $10.00 monthly
  • Account Maintenance Fee waived if: Maintain a minimum daily balance of $1,000 for the statement cycle.
  • Account Activity Fees apply.**

 

*Transfers from a money market to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six.

** 4 deposits included, then $0.50 each additional deposit.  10 checks in deposits included, then $0.15 per each additional item deposited.  All per statement cycle.