Whether you need to park excess cash for a few days during a 1031 Exchange or maintain tenant deposit accounts for decades, we offer savings solutions to suit your needs. And because we focus on the efficiency of our operations, we consistently offer some of the highest rates available anywhere.
Business Statement Savings
The most liquid and flexible of our business savings accounts, your funds are there for you whenever you need them. Minimum average daily balance of $2,500 avoids a monthly service charge and account pays a competitive interest rate.
Business Money Market
The perfect balance of safety, liquidity, and yield, our business money market accounts offer a low minimum average balance of $2,500, highly competitive rates and check writing capabilities.
Certificates of Deposit
Invest in Metropolitan Commercial Bank’s regular or jumbo certificates for terms from 3 to 60 months, and earn highly competitive yields. Flexible maturities are also available.
Ultra Insured Money Market Account
A secure solution with a high level of FDIC insurance and competitive interest rates. This unique account provides up to $10 million in FDIC insurance for all account types, including corporate, not-for-profit and public fund accounts.
Escrow and Security Accounts
We offer a range of flexible, interest-bearing accounts with competitive rates, automatic transfers of accrued interest to state boards, detailed statements, and streamline tracking of client’s funds. These include attorney escrow, IOLA, and tenant lease security.
Learn More About Our Commercial Savings Products
For more information regarding Metropolitan Commercial Bank’s Commercial Savings products and services, please contact Laura Capra, Senior Vice President at 212-659-0606 or send an email.