Business Money Market
A high interest account to help your savings grow.
Confidently grow your funds with a money market account designed for forward-thinking businesses. Visit a local branch to open your money market account.
Benefits of a Money Market:
- Earn up to 3.56% APY*
- Daily compounded dividends help you grow your balance faster
- No deposit limits – save as much as you want
- Unlimited transfers between Everwise accounts**
- Monthly account fee waived with an average monthly balance of $50,000 (otherwise $20 per month).
Grow your money faster.
You’ll earn competitive tiered rates and still have access when you need to tap into funds for larger expenses and investments.
Business Money Market Rates*
| Minimum Balance | Rate | APY* |
|---|---|---|
| $500,000 and greater | 3.50% | 3.56% |
| $250,000 - $499,999.99 | 3.25% | 3.30% |
| $100,000 - $249,999.99 | 2.75% | 2.79% |
| $50,000 - $99,999.99 | 1.50% | 1.51% |
| Less than $50,000 | 0.10% | 0.10% |
*APY = Annual Percentage Yield. Subject to membership requirements. All credit union programs, rates, terms and conditions are subject to change without notice. APY is accurate as of the last dividend declaration date. Fees may reduce earnings. Dividends earned are tiered based on the Business Money Market Account balance. They are compounded daily and paid monthly. Account must be opened over the phone or in-person at an Everwise branch location.
** Third-party debits (withdrawals) are limited to five (5) per calendar month. Additional third-party debits (withdrawals) within each calendar month will be returned.
Ready to open your account?
Visit your nearest Everwise branch, schedule an appointment, or talk to a business specialist.
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Business Money Market FAQs
This account can be opened at any Everwise branch or over the phone. If you have questions or need assistance, call us at (800) 552-4745 or visit your local branch.
Here’s what you’ll need to get started:
- A valid Employer Identification Number (EIN) or, for sole proprietors, a Social Security Number (SSN)
- Business information, including your business name, structure (LLC, partnership, corporation, etc.), and contact details
- Official documents verifying your business structure and ownership
- A valid form of personal identification (like a driver’s license or state-issued ID) for all authorized individuals
- A minimum opening deposit of $50,000
Depending on your business type and current regulations, additional documentation may be needed.
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