Our Premier Cash Management Account (CMA) combines Bank Independent's nationally-ranked* customer service with a best-in-class cash management account paying Wall Street rates** for larger depositors and borrowers.
With the Premier CMA, you'll receive:
*Bank Independent is ranked in the top 3% of US banks for customer service (Raddon, 2012)
**Compare our rates to non-FDIC alternatives by visiting iMoneyNet.com. There you'll find iMoneyNet Money Fund Averages that reflect the average return of US money market mutual funds. You can also review the top 15 retail funds individually. Either way, you'll find that our FDIC-insured money market accounts and CDs provide competitive returns with the added safety of FDIC insurance.
***To see if your 1% cash back rewards are tax-deductible, consult a tax attorney, CPA or your personal tax preparer
****Funds will be available by ATM, check card, check, online bill pay or mobile device through your linked CMA account. Any day the ledger balance in the CMA account is less than or equal to zero ($0), funds will be swept back into the CMA account in $1000 increments. On the 6th sweep in a calendar month, all funds in the MMA will be swept back into the CMA account until your next statement cycle begins.
*****Combined balances are determined by adding the minimum balance in your checking account during your statement cycle with all your other deposit and loan balances as of your checking account statement date. Mortgages of $200,000 or more closed with Bank Independent's Mortage Department and sold on the secondary market qualify for the CMA without a monthly service charge for seven years from the loan closing. Accounts that do not meet the minimum qualifier for waived monthly service fees will incur a $9.95 monthly service fee.
+ Having Overdraft Coverage does not guarantee that we will pay your overdrafts. If you have coverage and we do pay your overdraft on checks, in-person withdrawals, ATM withdrawals, or other electronic means, you will be charged $34 for each overdraft item that we pay up to a maximum of 10 overdraft charges per day.