Business Savings & Money Market

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.

Account TypeMore Info Opening DepositMinimum BalanceMonthly Service ChargeChecks Per MonthInterest Bearing
Western Business Money Market
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$1,000$1,000$10 if below $1,000Six (6) preauthorized withdraws per month, of which three (3) may be checksYes

Western Business Money Market

  • 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).
Western Business Gold Money Market
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$100,000$100,000$10 if below minimum balanceSix (6) preauthorized withdraws per month, of which three (3) may be checksYes

Western Business Gold Money Market

  • 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).
Western IOLTA Account
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$100NoneNoneUnlimitedYes

Western IOLTA Account

  • 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
Member FDIC | Equal Housing Lender
2525 E. Camelback Road Suite 100 Phoenix, Arizona 85016 | (602) 553-7444