Money Market Savings
Earn maximum interest on your money with First Commons Bank Money Market Savings accounts. Get the convenience of free check writing or link your business checking account to a Money Market Savings Account to get the convenience of automatic transfers between accounts. For assistance or to learn more, please contact a Client Service Representative at 617-243-4400. For your convenience, you may also open or change an account online 24/7 using our Online Concierge. See the links below.
| Type of Account | What’s In It For You | Account Requirements |
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Platinum Business Money MarketConvenient access to funds with a competitive interest rate and limited check writing ability
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE
FOR TRANSACTION ACCOUNTS
All funds in “noninterest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction accounts” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
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