Get a bigger return on your capital
While you’re working hard, your money should be working hard too. A Business Money Market helps you earn more on your capital, while keeping cash accessible if the need arises.
Get Started Find a BranchWhy choose a Business Money Market
Earn more on your capital while staying flexible
$0 maintenance fees
Earn dividends on all balances over $5 with no monthly or annual maintenance fees
Maintain easy access
Make unlimited withdrawals at your local branch and up to 6 withdrawals per month at an ATM, online, or by phone
You’re in control
After the account is open, there are no restrictions on deposit amounts or totals
Requirements to open
- Must have an active Elite Business Checking account
- $5 minimum balance
Documents you’ll need
- At least one of the following:
- Article of Incorporation
- Article of Organization
- Partnership Agreement
- Limited Partnership Document
- At least one of the following:
- SSA Tax ID form
- Most recent federal tax return
- Certification of Beneficial Ownership – What’s this?
- Additional documentation may be required
Current rates
| Type | Rate | APY | Min Balance |
|---|---|---|---|
| Business Money Market | 0.03% | 0.03% | $0.00 - $999.99 |
| 0.05% | 0.05% | $1,000.00 - $9,999.99 | |
| 0.05% | 0.05% | $10,000.00 - $49,999.99 | |
| 0.07% | 0.07% | $50,000.00 - $99,999.99 | |
| 0.10*% | 0.10*% | $100,000.00 - $999,999.99 | |
| 0.03% | 0.03% | $1,000,000 + |
APY = Annual Percentage Yield. Compounds daily. Conditions apply to qualify for rate: New members must open an Elite Business Checking account. Rates may change without notice.
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Award-winning service
2022 Winner: Best of Central Mass
Rated 5 Stars by Bauer
2021 Winner: Best of Central Mass
Why choose Webster First?
Smart money decisions are in our DNA
Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help your business make the right financial decisions too.
Local, neighborly know-how
Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our banking team is locally grown too, they personally care about the success of their local businesses and community.
Authenticity you can trust
As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.