Earnings Credit For Business Checking Accounts
Please call 855-426-1500 Monday-Friday from 8 am to 6 pm Mountain Time to speak with a Business Services Specialist in detail about earnings credit rates.
In summary, after activity charges are calculated for the month, an earnings credit will be subtracted from your fees based upon the average collected balance you have maintained in the account. To get the earnings credit, we multiply your average investable balance for the statement cycle period by the earnings credit rate. Your average investable balance is your averaged collected balance less the 10% Federal Reserve requirement. Information about the earnings credit rate can also be found on a FirstBank business rate sheet, which can be provided at any branch location. Your monthly statement will detail the activity charges and calculations of your earnings credit.
Business Money Market Checking
The interest rate may change every Wednesday and on the first business day of each month.