No. there is no maintenance fee or service fee for a Navigator Commercial Money Market account.
Commercial Money Market
The Commercial Money Market account is a high‑yield deposit account designed specifically for business members who maintain larger balances. It also rewards business partners who have a lending relationship with Navigator.
What is my dividend rate and how is it determined?
Tiered dividend rates is based on the balance in the account. The dividend rate is determined by the average daily balance in the Commercial Money Market account.
How does the loan relationship accelerator work?
If a business has qualifying outstanding commercial loans with Navigator, the business’ money market dividend rate increases based on the loan balance. The accelerator rate is determined by the outstanding loan balance on the last day of each month.
FAQs for Commercial Money Market
This account is for business and commercial members only.
Dividends are calculated monthly and credited to your account every month..
Your Commercial Money Market account automatically gives you our best rate as your balance increases.
These commercial or business loans qualify for the rate accelerator:
- Commercial real estate loans
- Commercial equipment financing
- Business lines of credit (outstanding balance)
- Commercial construction loans
- Business term loan
Yes, all Commercial Money Market accounts are federally insured up to $250,000 by the NCUA, an agency of the U.S. government. This includes accounts for individuals, businesses, organizations, associations, and public units.
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Business Checking & Savings
Open a free Basic Business Checking account for your day-to-day banking needs and a Basic Business Savings account to quickly access your business’ funds.