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It’s similar to a regular savings account in that you earn interest on the money you’re putting aside. But, it yields at a higher interest rate than a savings account. A Money Market Account provides an additional benefit: the convenience of writing a check which draws from the account itself.
The Money Market account is tiered to allow you to decide where, when, and how to invest your money. Earn higher yields with the added flexibility for your business to access cash as needed.
| Account | Dividend Rate | APY** |
|---|---|---|
| Business Money Market – Up to $9,999 | 0.25% | 0.25% |
| Business Money Market – $10,000-$24,999 | 0.50% | 0.50% |
| Business Money Market – $25,000-$99,999 | 1.24% | 1.25% |
| Business Money Market – $100,000-$249,999 | 3.93% | 4.00% |
| Business Money Market – $250,000 and over | 4.65% | 4.75% |
**APY = Annual Percentage Yield. Dividend rate displayed is subject to change without notice. This is a tiered account. Account only available to Sole Proprietor/DBAs, Partnerships, Limited Liability Companies (LLC), Corporations, and Organizations (Associations/Clubs/Nonprofits). Fees may reduce earnings on this account. Federally insured by NCUA. | ||