Western National Bank pays highly competitive interest rates on our Business Money Market accounts, which are also insured up to $100,000 per depositor by the FDIC. For current interest rate quotes: (602) 553-7444 or contact us through our website.
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| Western Business Money Market |
| | $1,000 | $1,000 | $10 if below $1,000 | Six (6) preauthorized withdraws per month, of which three (3) may be checks | Yes |
- Business Money Market accounts may be opened with a minimum deposit of $1,000.
- Accounts which exceed three checks per month, three times in a one year may be converted to a Business Checking account.
- A maximum of three third-party checks are allowed each month (FDIC regulation).
- A statement of account activity will be mailed each month.
- Business Money Market accounts receive a tiered interest rate.
- Interest accrues on daily collected balances and is paid to the account each month.
- Access to purchase Western ‘Cash Pads™’ at branch location (see photo).
- Free use of Western ‘Kiosk BankSM’ at branch location (see photo).
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| Western Business Gold Money Market |
| | $100,000 | $100,000 | $10 if below minimum balance | Six (6) preauthorized withdraws per month, of which three (3) may be checks | Yes |
- An account will be considered a business account if the primary use of the account is to conduct or maintain a business.
- Business Gold Money Market accounts may be opened with a minimum deposit of $100,000.
- The interest earned on Business Gold Money Market accounts is paid monthly. Interest rates will be determined weekly based on market rates and are subject to change at any time.
- Access to purchase Western ‘Cash Pads™’ at branch location (see photo).
- Free use of Western ‘Kiosk BankSM’ at branch location (see photo).
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| | $100 | None | None | Unlimited | Yes |
- Our Western IOLTA account is designed for attorneys to maintain individual trust accounts for their various client cases.
- Reporting established per the guildlines set forth by the Arizona State Bar Association.
- Western IOLTA Accounts may be opened with a minimum deposit of $100.
- Check images returned with monthly statement - FREE!
- Free Online Banking.
- Access to purchase Western ‘Cash Pads™’ at branch location (see photo).
- Free use of Western ‘Kiosk BankSM’ at branch location (see photo).
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| Contact us for more information or apply online for any of these accounts. |
When opening your commercial account, the bank will ask you to provide us with one or more of the following documents:
- For a Corporation: Corporate Resolution & Articles of Incorporation
- For a LLC: Operating Agreement & Articles of Organization
- Partnership Agreement
- Tax Identification Number
- Social Security Number
- Fictitious Name Registration
