Business Savings, Elevated.
Business Money Market & Money Market Plus
With our Business Money Market and Money Market Plus accounts, you can earn interest without tying up your funds.
UMassFive's Business Money Market and Money Market 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 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% |
Business Money Market Plus Rates
| Tier | Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0-$100,000** | 0.90% | 0.90% |
| 2 | $100,000-$199,999 | 1.50% | 1.25% |
| 3 | $200,000+ | 2.65% | 2.68% |
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*Rates guaranteed through March 31, 2020. $10 service charge will be applied if balance drops below $2,500 at any time during the month. Rates are subject to change without notice. Rate may change after account opening. Fees may reduce earnings on the account. Annual Percentage Yield is accurate as of the date listed on the top of this rate sheet.
**Rates guaranteed through March 31, 2020. $25 service charge will be applied if balance drops below $100,000 at any time during the month. Rates as stated 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. Rates are subject to change without notice after March 31, 2020. Fees may reduce earnings on the account. Annual Percentage Yield is accurate as of the date listed on the top of this rate sheet.
