Our branches will be closed on Monday, November 11, in observance of Veterans Day.

What are the benefits of a Business Money Market account?

  • Earn a competitive interest rate while maintaining easy access to your funds
  • No minimum daily balance or monthly maintenance fee
  • No return item fees or negative collected balance fees
  • FDIC Insurance up to $250,000

FAQs

A money market account typically has a higher interest rate, depending on the market conditions, and not optimized for formalized accounts payables or receivables. There is also a minimum balance on Money Market accounts of $2,500.

No. Unlike a CD product, money market accounts do not have a set term.

A business money market account is a type of savings account specifically designed for businesses. It typically offers higher interest rates than a regular business savings account. Unlike a traditional savings account, a business money market account often allows limited check-writing capabilities, providing businesses with more flexibility in managing their funds while earning competitive interest.

A business money market account plays a crucial role in cash management for several reasons.  Money markets allow for earning interest on idle cash while also maintaining easy access to the funds.  

Commercial Bankers with You Every Step