Money Market / Savings Accounts

These accounts are designed for all business entities including corporations, sole proprietorships, partnerships and non-profit organizations that want liquidity, competitive rate of return and limited withdrawal capabilities on larger balances.

BUSINESS MONEY MARKET ACCOUNT

  • $5,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

BUSINESS PREMIUM MONEY MARKET ACCOUNT

  • $20,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

BUSINESS SUPER PREMIUM MONEY MARKET ACCOUNT

  • $100,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

BUSINESS SILVER MONEY MARKET ACCOUNT

  • $250,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

BUSINESS GOLD MONEY MARKET ACCOUNT

  • $500,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

BUSINESS PLATINUM MONEY MARKET ACCOUNT

  • $1,000,000 minimum opening deposit
  • Tiered interest is compounded daily and paid monthly
  • Unlimited number of withdrawals or transfers by mail, messenger or in person or for the purpose of repaying loans (excluding overdrafts) extended by Regent Bank. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers.
  • Transfers or withdrawals from this account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per statement cycle. There is a $7 charge for each transaction paid beyond the limit of 6.
  • No monthly maintenance fee unless the minimum balance falls below $2,500, then $14 monthly maintenance fee
  • No charge for online banking
  • eStatements or paper statements available

SAVINGS ACCOUNT

  • $200 minimum opening deposit
  • Interest is compounded daily and paid quarterly
  • No monthly maintenance fee unless the minimum balance falls below $200, then $4 monthly maintenance fee
  • Transfers from a Savings Account to another account or to third parties by preauthorized, automatic, telephone, computer transfer or ATM withdrawals are limited to 6 per month. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers. The charge for each additional withdrawal after 6 is $7.00.
  • No charge for online banking

HIGH YIELD SAVINGS ACCOUNT

  • $200 minimum opening deposit
  • Higher tiered interest is paid for average available balances of $100,000 and above
  • Tiered interest is compounded daily and paid quarterly
  • No monthly maintenance fee unless the minimum balance falls below $200, then $4 monthly maintenance fee
  • Transfers from a Savings Account to another account or to third parties by preauthorized, automatic, telephone, computer transfer or ATM withdrawals are limited to 6 per month. The Bank, however, reserves the right to require a minimum 7 days prior written notice of such withdrawals or transfers. The charge for each additional withdrawal after 6 is $7.00.
  • No charge for online banking

BUSINESS CERTIFICATES OF DEPOSIT

  • $1,000 minimum investment
  • Interest rates are tiered, based on the amount and term of the Certificate of Deposit
  • Terms available from 7 days to 5 years
  • The interest rate is fixed for the term of the Certificate of Deposit
  • Interest may be paid monthly, quarterly, semi-annually or annually
  • Interest paid by check, credited to a Regent Bank account, or reinvested in the Certificate of Deposit
  • Substantial penalty for early withdrawal
  • Automatically renewed unless otherwise requested