Commercial Banking Company Money Market Account Review

Commercial Banking Company Money Market Account is offered by Commercial Banking Company, a bank founded in 1929 and based in Valdosta, GA. Commercial Banking Company Money Market Account is available in 50 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.
• Charges a monthly fee. This account charges a monthly service fee of up to $25, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros	Cons
Available in all 50 states. Access to physical branches. No charge on incoming domestic or international wire transfers. Deposit checks remotely.	No signup bonus. Does not provide a debit card or ATM access to your money. Monthly service charge.

Are money market accounts from Commercial Banking Company federally insured?

Yes, your Commercial Banking Company money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for CBC money market rates?

CBC money market is not an interest-bearing account.

What are the fees for Commercial Banking Company Money Market Account?

This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $2,500.

Commercial Banking Company will charge you a $6 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of withdrawals or transfers you can make from your money market account to six per month.

Commercial Banking Company Money Market Account Fees

Fees	Amount
Monthly Fee	up to $25
Paper Statement Fee	N/A
Excess Transaction Fee	$6

What is the minimum balance for CBC money market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does CBC money market offer?

This account includes the following features:

• Fraud monitoring - Commercial Banking Company monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - CBC money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

How to open an account with Commercial Banking Company

• Visit the Commercial Banking Company website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.