Business Deposit Accounts Rates

Rates/APY -Annual Percentage Yield- are effective as of 05/05/24
Rates Subject to Change Without Notice.

 

Business Deposit Accounts

Account TypeMinimum Dollar Amount to Open AccountMinimum Dollar Amount to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Premier Business Money Market*1$25,000.00Introductory Rate:
First 90 Days

Standard Rate Tiers:
$0.01 - $24,999.99
$25,000.00 - $49,999.99
$50,000 - above
3.69%


0.10%
3.00%
3.25%
3.75%


0.10%
3.04%
3.30%
Community Checking$1,500.00$0.01 – above0.10%0.10%
Commercial Money Market*$2,500.00$0.01 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 - $249,999.99
$250,000 - $499,999.99
$500,000 - $1,499,999.99
$1,500,000.00 - above		0.05%
0.25%
0.50%
1.00%
1.24%
1.49%		0.05%
0.25%
0.50%
1.00%
1.25%
1.50%
Business Savings*$50.00$0.01 – $24,999.99
$25,000.00 – above		0.05%
0.05%		0.05%
0.05%
1031 Exchange Account$0.00$0.01 – above0.25%0.25%
IOLTA$0.00$0.01 – above1.24%1.25%
Municipal Money Market (Collateralized)$50,000.00$0.01 - above5.19%5.32%
* Interest is calculated on the entire balance each day at the rate in effect for that balance tier.
1- The introductory interest rate on your account is 3.69% with an Annual Percentage Yield (APY) of 3.75%. You will be paid this interest rate for the first 90 days after account opening.
Following the 90th calendar day of account opening, interest rates for accounts with balances of $25,000 and more will adjust monthly on the 15th calendar day, based on the Fed Funds (EFFR) target rate defined as the highest rate target rate/range published on https://www.newyorkfed.org/markets/reference-rates/effr for the rate that was effective as of the last business day of the prior month. Rate tiers and rates are defined as follows: for $0.01 – $24,999.99, rate is fixed at 0.10%, $25,000.00 – $49,999.99, Fed Funds (EFFR) rate minus 2.50% and $50,000.00 – above, Fed Funds (EFFR) minus 2.25%. Interest is calculated on the entire balance each day at the rate in effect for that balance tier. Rates for tiers tied to EFFR will be updated on the 15th calendar day of the month.
As an example: for the month of March 2024, the rate would be based on the Fed Funds (EFFR) target rate/range published on February 29, 2024, which was 5.50%. Rates are set as follows: for $0.01 – $24,999.99, rate 0.10% with an APY of 0.10%; $25,000.00 – $49,999.99, rate 3.00% with an APY of 3.04% and $50,000.00 – above, rate 3.25% with an APY of 3.30%.
This account cannot be opened with money currently on deposit at First Federal Bank of Wisconsin. Interest will be compounded monthly and will be credited to the account monthly. First Federal Bank of Wisconsin reserves the right to discontinue this offer at any time.

Interest rates are subject to change without notice. Certain activity restrictions may apply and fees could reduce earnings on the above accounts. Offer valid to commercial accounts only.