Corus Bank Business Money Market Account

As the money market rates stoops lower, the Corus Bank offers a relatively higher rate on its money market accounts. The rate is 4.98% with a minimum requirement of $10,000. If this amount is maintained no money is charged for the service.

Corus Bank was incorporated in 1958 in the state of Minnesota and now headquartered in Chicago, Illinois. Corus has eleven banking branches in the Chicago area, which offer a wide range of deposit products to customers. The bank is quite reliable with nearly 10 billion dollars in assets. Plus,the bank is FDIC insured.

They offer two types of money market accounts.
The Business Ultimate Money Market and the Business Classic Money Market. However, the Business Money Market Account is the bank’s main focus since the rate offered on Classic Money Market account is only .05% for a minimum deposit of $2500.

Its money market deposit account offers an unlimited in-person withdrawal, either by mail or by ATM. Hence, offering a greater control over your account. Moreover, up to six pre-authorized withdrawals are allowed per statement cycle, according to the Federal Regulation. The interest is compounded monthly. It charges no money for ATM transactions, cheques or monthly statements. One attractive feature is the ability to transfer money through their Teller Phone System. This ingenious system allows the investors to activate ATM/Check Card, obtain current information on the bank account, order checks and listen to detailed information about your withdrawals and debts. Corus bank offers identity protection for greater security of its customer’s accounts.

Compared to the other available offers, this one seems viable for those with less amount of money to deposit. No doubt, Bay Financial Bank offers more interest rate but its minimum requirement is also of 900K. But those looking for high interest rates with lower money deposits should look for banks such as EverBank money market rates.

So if you want to open a Corus Bank’s Business Ultimate Money Market Account then apply here.