Earn dividends or cash back
Business Money Market
The more you save, the more you earn.
With a Business Money Market account, the more you save, the more you earn. Plus, you’ll have the flexibility to access your money when you need it.
Features & Benefits
Tiered Rates
Our money market account lets you keep your money growing with tiered rates – the more you save, the more you can earn.APY is the Annual Percentage Yield. Rate as of 07/08/2022. A $1,000 minimum balance is required to earn dividends. Offer subject to change Certain exclusions may apply. Fees may reduce earnings.
Predictable Returns
Because this account is not subject to market risks, your money will earn fixed, predictable returns based on the current rate.APY is the Annual Percentage Yield. Rate as of 07/08/2022. A $1,000 minimum balance is required to earn dividends. Offer subject to change Certain exclusions may apply. Fees may reduce earnings.
Easy Cash Access
Access to funds 24/7 at one of our 30,000+ ATMs. Plus, make deposits anytime using your mobile device, scanner, or your nearest branch.
Current Business Money Market Rates
| Amount | APYAPY is the Annual Percentage Yield. Rate as of 07/08/2022. A $1,000 minimum balance is required to earn dividends. Offer subject to change Certain exclusions may apply. Fees may reduce earnings. |
|---|---|
| Less than $50,000.00 | 0.50% |
| $50,000.00 – $99,999.99 | 0.55% |
| $100,000.00 – $249,999.99 | 0.70% |
| $250,000.00 – $499,999.99 | 0.75% |
| $500,000.00 & Greater | 0.80% |
Terms & Fees
| Term | Fee |
|---|---|
| Minimum opening deposit | $100 to open/$1,000 to earn dividends |
| Minimum daily balance | $1,000 to earn dividends |
| Monthly low balance fee | None |
| Monthly service fee | $0 |
Frequently Asked Questions
What is a business money market account?
A business money market account is a great blend of a savings and checking account. It lets your money grow with a competitive interest rate while still giving you easy access to your funds. You can earn interest on your deposits and make withdrawals whenever you need to, making it a flexible and smart choice for managing your business finances.
How can a money market account help my business?
A money market account can be a game-changer for your business. With competitive interest rates, your savings can really grow, which is always a win. Plus, it offers the flexibility to access your funds whenever you need them—whether you’re saving for a big purchase or just want a financial safety net. It’s a smart way to make your money work harder for you.
How are business money market accounts different from savings accounts?
Great question! There isn’t much difference between the two; they both earn interest and help you save. However, money market accounts often offer slightly better interest rates. They may also provide a bit more flexibility, allowing you to write checks or use a debit card to access your funds. Overall, both options are great for managing your business finances.
How do I open a business money market account?
Opening a business money market account is a breeze. Just drop by your nearest branch, and our friendly team will be glad to assist you. You’ll need some basic information about your business, like your business name and tax ID. We’ll then guide you through the process, so you’ll be set up in no time.
Are all money market accounts the same?
No, money market accounts can vary quite a bit from one financial institution to another, with differences in interest rates, fees, and features. It’s a smart idea to do your research. Here at Arkansas Federal, we’re proud to be a local choice that offers competitive rates and exceptional service to help you find the perfect fit for your business!
Can I withdraw cash from a money market account?
Yes, you can easily withdraw cash from a money market account! Whether you’re using checks, debit cards, or electronic transfers. It’s a flexible way to access your funds when you need them.
What other savings account options are there for my business?
There are plenty of other savings options out there for your business. You might consider a traditional share savings account, a high-yield checking account, or even a certificate of deposit. Each has its benefits, so explore what works best for your goals.