FAQs About Business Money Market Accounts
What is a Business Money Market Account?
A Business Money Market Account is a type of savings account that offers higher interest rates compared to standard savings accounts. It enables businesses to earn more on their deposits while maintaining access to funds through features like check-writing.
How Does the Tiered Interest Structure Work?
Our tiered interest structure means that the more you save, the more you earn. As your account balance increases, you move into higher interest rate tiers, maximizing your earnings potential.
Is There a Minimum Balance to Avoid Fees?
Yes, to waive the $12 monthly service charge, you need to maintain a minimum balance of $2,500 in your Business Money Market Account.