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At Hyde Park Cooperative Bank our commercial customers are very special to us. The financial needs of neighborhood businesses are of concern and helping local companies grow is what Hyde Park Cooperative Bank is all about. Business Checking Account Our Business Checking Account lets our clients handle their payables with ease while earning credit on the average balance. This credit allowance will be used to offset applicable service charges. You may withdraw funds from your Business Checking Account by check, in person or by wire transfer. Monthly Statements include a list of checks cashed and your canceled checks. Business Money Market Account Our Money Market Account is designed to put your money to work for you. With our competitive interest rates you enjoy no risk, high yield savings at the prevailing money market rates. deposit rates. "Sweep Account Feature" Earn interest on idle funds! You can arrange to have your monies automatically transferred from your business checking account to a high interest Money Market Account. When your balance climbs above an agreed upon level, your excess funds will begin earning interest for you. Federal Tax Remittance This service enables Hyde Park Cooperative Bank to make federal tax deposits on your behalf. Simply bring in a check for the payment of federal payroll taxes, along with the required form, by the deadline date. We will take care of the rest.
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