FIMMA: Financial Institution Money Market Account
Especially for financial institutions and public fund managers with excess ash positions, UTB’s Financial Institution Money Market Account can provide benefits in a low interest rate environment. It’s the ideal solution for financial institutions, brought to you by the Texas business bank experts. Delivering yields more than two times the current yield in fed funds sold, yet just as liquid, the Financial Institution Money Market Account offers the opportunity to enjoy greater returns on cash.
If your financial institution is ready to earn more on its cash position with UTB, give us a call at 972-239-7000.
- Yields currently at X.XX% APY*
- Provides secure, higher-yield investment opportunity for large cash positions
- Minimum to open $1,000,000
- Unlimited transfers made in person, by messenger, by mail, or at ATMs
- Up to six outgoing transfers per four weeks via preauthorized or automatic transfer, telephone/data transmission agreement, order or instruction by check, draft, debit card, POS transactions, and other transactions made by the depositor and payable to third parties.
- No monthly service fee with minimum daily balance of $1,000,000 (otherwise $50)