Tiered Interest Rate Business Money Market Account

HCB’s Business Money Market Account offers a higher rate of return than our Business Checking Accounts.  It’s more liquid than a Certificate of Deposit and remains available to you in case of emergencies.

  • $5,000.00 minimum balance to open account
  • $5,000.00 minimum daily balance to earn interest*
  • Tiered interest rate based on balances maintained
  • Interest compounded daily and paid monthly
  • $10.00 monthly fee if daily balance falls below $5,000.00 any time during statement cycle
  • 10 deposited items free ; $.20 per item thereafter
  • Excessive transaction charge of $20 per check, transfers to other accounts, and for payment to a third party by means of preauthorized automatic transfers in excess of six allowed during statement cycle

* Rates are subject to change at any time.  

Call Hanover Community Bank at (516) 248-4868 or (646) 569-3600 for more information on our banking products and services. Branch location, hours of operation and other related information can be found on our Contact page.

All Hanover Community Bank accounts are insured by the FDIC for at least $250,000.

Have more questions? Check out our FAQs page for additional information.