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.
Business Money Market Rates
Effective Date: Monday, December 4th, 2023
| 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% |
*Maintenance or activity fees could reduce earnings on the account. **APY = Annual Percentage Yield. Shares insured up to $250,000 by the NCUA, an agency of the Federal Government. IRAs are insured for up to $250,000. | ||