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Business Money Manager

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With our Business Money Manager and Money Manager Plus accounts, you can earn interest without tying up your funds.

 

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Business Savings, Elevated.

 


UMassFive's Business Money Manager and Money Manager Plus accounts offer savings and checking in a single account, with the ability to make up to 6 withdrawals or transfers per month. Reap the rewards of our tiered interest rates and 24-hour online access with eStatements.

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Business Money Manager Rates*

Tier Balance Dividend Rate Annual Percentage Yield
1 $0-$24,999 0.03% 0.03%
2 $25,000-$49,999 0.03% 0.03%
3 $50,000-$74,999 0.05% 0.05%
4 $75,000+ 0.10% 0.10%
Rates subject to change at any time. Rates effective as of February 8, 2021.

*The Money Manager Savings account is an interest bearing account with a $2,500 minimum balance. A $10.00 service charge will be applied once per month if the balance drops below $2,500 at any time during the month.

Business Money Manager Plus Rates*

Tier Balance Dividend Rate Annual Percentage Yield
1 $0-$100,000 0.05% 0.05%
2 $100,000-$199,999 0.10% 0.10%
3 $200,000+ 0.20% 0.20%

 

Rates subject to change at any time. Rates effective as of February 8, 2021.

*Rates as stated for Money Manager Plus Savings accounts apply only to the portions of the account balance in each tier, which will result in a blended Annual Percentage Yield for the full account balance. A $25.00 service charge will be applied once per month if the balance drops below $100,000 at any time during the month.

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