Business Money Market
Liquidity Lets You Pivot
Gain flexibility without sacrificing generous returns.
Maximize your earnings with competitive rates while keeping the convenience of accessing your funds anytime, without penalty or restrictions. That’s the beauty of a UFCU Business Money Market account.1
Earn a higher rate than with a regular savings account, and see if you qualify for our Bonus Dividend.2 You just need $2,500 to open an account.
- Over-the-Counter Transactions Unlimited
- Dividends Compounded and paid monthly
- Minimum Deposit $2,500
- Monthly Fee $0
Tiered Rates and a Bonus Dividend
With a Business Money Market Account, you can maximize your earnings with competitive rates while keeping the convenience of accessing your funds anytime, without penalty. Dividends are compounded and paid monthly.
Our tiered-rate calculation method offers higher rates as your balance increases. The first breakpoint is at $10,000, up to which you could earn a Bonus Dividend. Breakpoints for the tiers are at balances of $50,000, $100,000, $500,000, and $1,000,000.3
Sweeten your Business Money Market savings with an additional earning over the standard rate. The Bonus Dividend rate is earned on the first $10,000 in Business Money Market account deposits.
We’ll automatically apply your bonus dividend rate when you perform at least 10 qualifying checking account transactions in a single month, including your debit card purchases.
Enjoy peace of mind knowing that your funds are safe with NCUA federal deposit insurance, which covers up to $250,000 in deposits.
Stop by any branch to speak to a representative about opening a Business Banking account today.
Rates
| Money Market Tier | Rate | APY Range | APY Range (with bonus dividend) |
|---|---|---|---|
| $0 to $10,000 | 0.010% | 0.01% | 0.01% |
| $0 to $10,000 w/ Bonus Dividend * | 0.060% | 0.06% | 0.06% |
| $10,000 to $49,999.99 | 0.150% | 0.01-0.12% | 0.06–0.13% |
| $50,000 to $99,999.99 | 0.499% | 0.12-0.31% | 0.13-0.32% |
| $100,000 to $499,999.99 | 0.995% | 0.31-0.86% | 0.32-0.86% |
| $500,000 to $999,999.99 | 2.472% | 0.86-1.68% | 0.86-1.68% |
| $1,000,000 and Greater | 3.203% | 1.68-3.25% | 1.68-3.25% |
FAQs
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A money market account offers flexible, high-yield savings that earns interest while continuing to provide access to your funds any time, day or night. You can access your funds without penalty anytime.
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You can view and access your available money market funds immediately through UFCU Online Banking, Mobile Banking, Phone Banking, or by stopping by any location.
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There is a minimum deposit required to open a money market account ($2,500). When money market accounts have a zero balance, they will be closed automatically. But any account with a balance of $.01 or more can remain open.
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Interest is posted monthly to your money market account. The transaction description will appear in your account history and statement as “dividend.”
Related Products and Services
Business Certificates4
Willing to wait for a higher rate? Earn a higher APY to boost earnings on funds that you won’t need during the certificate’s term.
Business Travel & Rewards Card5
Being your own boss has its perks. One of them is the UFCU Travel & Rewards VISA®, which earns you points to spend on travel or merchandise.
1 Must meet eligibility requirements. Certain restrictions apply. Rates are variable and subject to change after an account is opened.
2 Checking account transactions that do not qualify for the Bonus Dividend rate are fees, posted dividends, or returned items.
3 Bonus Dividend applies only to the first $10,000 in Money Market account deposits for accounts with at least 10 qualifying transactions monthly in the same Member’s checking account. Our tiered-rate calculation method offers higher rates as your balance increases. Interest rate are only paid on the portion of the balance within the specified tier.
4 Must meet eligibility requirements. Certain restrictions apply. A penalty will or may be imposed for early withdrawal.
5 Subject to credit eligibility