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UMassFive has been approved to be a lender of the SBA's Payroll Protection Program (PPP) as a part of the recently passed 2020 CARES Act, and will be eligible to process PPP loans through the SBA's loan delivery system as soon as this system is made available to us. Please email our Commercial Services Division for additional information.

Business Money Market

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With our Business Money Market account, you can earn interest without tying up your funds.

 

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Business Savings, Elevated.

 


UMassFive's Business Money Market and Money Market Plus account 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 Market Rates

Tier Minimum Balance Dividend Rate Annual Percentage Yield
1 $0-$24,999 0.25% 0.25%
2 $25,000-$49,999 0.40% 0.40%
3 $50,000-$74,999 0.60% 0.60%
4 $75,000+ 0.70% 0.70%
Rates subject to change at any time. Rates effective as of April 1, 2020.

Business Money Market Plus Rates*

Tier Minimum Balance Dividend Rate Annual Percentage Yield
1 $0-$100,000 0.25% 0.25%
2 $100,000-$199,999 0.75% 0.75%
3 $200,000+ 1.00% 1.00%

 

Rates subject to change at any time. Rates effective as of April 1, 2020.

*Rates as stated for Money Market 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.

Open an Account Today

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