Riverside Bank
 
  Business Deposit Products
 
 

 

 

 

 

 

 


Riverside Bank offers a variety of business services. What better place to do your business banking than at your Local Business Bank? At Riverside Bank you’re not just an account number, you are a name!

¤  Business Money Market Account
Combination Money Market and Savings Account for the business or professional practice that wants to maximize earnings on its available cash while keeping it readily available. No monthly service charge if you maintain a minimum balance of $500.
 

TIER INTEREST RATE Annual Percentage Yield
$500 to $24,999.99 .25% .25%
$25,000 to $49,999.99 .25% .25%
$50,000 to $99,999.99 .25% .25%
$100,000 & over .40% .40%

If the average balance falls below $500 there will be a service charge of $2.00 for the month. A minimum balance of $500 must be maintained in the account each day to obtain the disclosed Annual Percentage Yield.

The money market rate will be determined weekly based on market conditions. Money market accounts  are permitted no more than 6 transfers and withdrawals, or a combination of transfers and withdrawals, per calendar month or statement cycle to another account at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order or payable to third parties. A per item fee of $15.00 will be charged each statement cycle if you exceed this regulatory limitation.
Transactions exceeding Regulatory Requirements are subject to additional restrictions. For additional account disclosure information, please contact the bank.

All interest rates and APYs stated are accurate as of today’s date. Subject to change without notice. Fees may reduce earnings.

 

 

 


¤  Commercial Checking
Account for a business or professional practice that maintains higher balances and has higher transaction activity. A $10.00 monthly service charge plus $.25 per item charge.
Earnings credit on average collected balances will offset the service charges incurred for the month.

¤  Small Business Checking
Account for a business or professional practice with limited transaction activity. No monthly service charge if you maintain a minimum balance of $1,500. If you do not maintain a minimum balance of $1,500, the monthly service charge is $7.50. The first 150 items FREE, $.25 per item thereafter.

¤  Business Checking with Interest
An account available only to sole proprietors, non-profit organizations and government agencies. Account earns interest monthly on daily balance. $10 monthly service charge plus $.25 per item charge. Earnings credit on average collected balances will offset the service charges incurred for the month.

¤  Tenant Lease Security Services
Account for real estate owners, managers and agents of multifamily residential, commercial and cooperative properties.

¤  Remote Deposit Capture
Requires Riverside Online Banking
  Bring the bank to you! Make your deposits right from your home or office. Deposit
  consumer checks, commercial checks, cashier checks and money orders
  electronically with a secure, accountable check processing system. It’s easy. All you
  need to get started is a check scanner and an internet connection. Contact your
  nearest branch for more information.

¤  Riverside Premium Sweep Account
Allows us to transfer your excess checking account funds to a higher yielding account.
 

TIER INTEREST RATE Annual Percentage Yield
$0.01 - $100,000.99 .25% .25%
$100,001.00 - $250,000.99 .40% .40%
$250,001.00 - $500,000.99 .45% .45%
$500,001.00 - $1,000,000.99 .55% .55%
$1,000,001.00 & over .65% .65%
 


All interest rates and APYs stated are accurate as of today’s date. Subject to change without notice. For additional account disclosure information, please contact the bank.

 

Back to Top