Business Savings, Elevated.
Business Money Market
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 | 0.05% | 0.05% |
| 2 | $25,000-$49,999 | 0.05% | 0.05% |
| 3 | $50,000-$74,999 | 0.10% | 0.10% |
| 4 | $75,000+ | 0.15% | 0.15% |
| Rates subject to change at any time. Rates effective as of August 01, 2020. |
Business Money Market Plus Rates*
| Tier | Minimum Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0-$100,000 | 0.15% | 0.15% |
| 2 | $100,000-$199,999 | 0.20% | 0.20% |
| 3 | $200,000+ | 0.25% | 0.25% |
| Rates subject to change at any time. Rates effective as of August 01, 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.
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