Business Money Market

Business money market accounts include:

Business Money Market

Designed for customers with balances of $1,000 or more.

  • No minimum to open
  • No basic fee with $1,000 minimum daily balance
  • If the balance is less than $1,000 any day during the statement period:
    • No interest is earned for that day
    • Free with eStatement
    • $8 basic fee with check safekeeping
    • $10 basic fee with returned check images
  • Monthly statements
  • Limited debit privileges
  • Earned tiered interest?

†  Limit of six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties
?  See business rates

Business Gold Premier Money Market

Great for business customers with balances of $15,000 or more.

  • $15,000 minimum to open
  • No monthly basic fee
  • If the balance is less than $15,000 no interest is earned for that day
  • Monthly statements
  • Limited debit privileges
  • No checks issued
  • Earn tiered interest rates?

†  Limit of six transfers or withdrawals per month by pre-authorized, automatic, Hills Bank OnlineTM, telephone, check, draft, debit card, or similar order to third parties
?  See business rates

Insured Cash Sweep

The Insured Cash Sweep (ICS) service gives individuals, non-profits and businesses access multi-million-dollar FDIC protection on deposits over $250,000 with no monthly fees. The FDIC insures up to $250,000 of a customer’s deposit accounts at an FDIC-insured depository institution. Your ICS funds are then divided into amounts under the standard FDIC maximum and placed with other ICS Network members – each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. By working directly with Hills Bank, you can access insurance through many FDIC-insured institutions.

  • Save time by working directly with Hills Bank
  • Enjoy peace of mind knowing your ICS funds are eligible for FDIC protection
  • Earn interest by putting excess cash balances to work in money market deposit accounts
  • Access funds up to six times per month. Plus make an unlimited number of program deposits as long as you stay within the program withdrawal limits
  • Rest assured knowing your money is always on deposit in a regulated, FDIC-insured institution and you can see online where all of your funds are at any time

To learn more about ICS, contact your local Hills Bank location or toll free at 1-800-445-5725 (1-800-HILLSBK). 

Placement of your funds through the ICS service is subject to the terms, conditions, and disclosures set forth in the agreements, including the ICS Deposit Placement Agreement, that you enter into with us. Limits and customer eligibility criteria apply. When using the ICS savings option, program withdrawals are limited to six per month. ICS is a service mark, and Insured Cash Sweep is a registered service mark, of Promontory Interfinancial Network, LLCM.