Business Money Market Accounts
You've built your business; now help it grow with one of Mutual Bank's Business Money Market accounts.
Discover the benefits of a Business Money Market account:
- Competitive rates
- Full liquidity
- No risk of loss of principal
- All deposits fully insured
Choose from these great options:
Leader Money Market Account for Business: Your rate is a true market rate, varying to keep pace with the Federal Funds Rate.* Open this flexible account with $1,000** and add to it as often as you want. With a Leader Money Market Account for Business, the $10 monthly fee is waived with a minimum daily balance of $1,000.
Business High Yield Money Market Account: Make the most of your money while maintaining liquidity. Open this account with a minimum of $5,000 and add to it as often as you want. With a Business High Yield Money Market Account, the $10 monthly fee is waived with a minimum daily balance of $2,500.
Benefits of Business Money Market Accounts
Maximize your business' earnings with tiered interest rates.
Access your funds whenever you need them with a free business debit card.
Bank at any time – day or night – with free online banking & bill pay.
LEADER MONEY MARKET ACCOUNT FOR BUSINESS
Minimum balance to open the account is $1,000.00.
Minimum balance to avoid fees – A fixed charge of $10.00 will be applied every statement cycle if the balance in this account falls below $1,000.00 any day of the cycle.
Minimum balance to obtain the Annual Percentage Yield disclosed –You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed Annual Percentage Yield.
Transaction limitations – Transfers from any money market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than six by check, draft, debit card, or similar order to third parties. $10.00 Regulation D Violation fee applies to applicable transactions greater than six per statement cycle.
Rate Calculation - On balances up to $100,000, the Rate may vary monthly and will be equal to the Federal Funds Rate as listed on the FRB daily data release on the 15th business day of the previous month. On balances over $100,000, the Rate may vary daily, will not be indexed, and will be set at a rate as determined at the discretion of the Bank.