Business Checking with Interest
An interest-bearing account for businesses that can maintain higher account balances.
Finding a business checking account that offers a list of perks and earns interest may sound too good to be true. But with our Business Checking with Interest account, you can have it all. Your company will enjoy 500 free items 1, free Online Banking and free online check images.
Are dividends paid? Yes, view rates
Are there any fees? $25 per month (if account falls below minimum account balance)
Minimum account balance? $5,000 average daily balance
Minimum to open account? $500
A minimum business savings account of $100 is required to open any type of business checking account.
View MIDFLORIDA’s Business Fee Schedule
Rates for Business Checking with Interest
| Balance || Dividend Rate || Annual Percentage Yield || Effective Date
| $0.01 to $100,000.00 || 0.050% || 0.05% || 8/08/2016
| $100,000.01 to $1,000,000.00 || 0.995% || APY for this tier ranged from 0.05% to 0.91%, depending on the balance in the account || 8/08/2016
| $1,000,000.01 or more || 0.050% || APY for this tier ranged from 0.91% to 0.05%, depending on the balance in the account || 8/08/2016
1. Items are checks cleared or other debited items, deposited or other credit items and deposits. 2. Free coin counting is available up to $200 per day. If over this limit, fee is 5% of amount over $200.