Business Money Market

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 keep cash accessible if the need arises.

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Why 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

There are no restrictions or limits on deposits

Requirements to open

  • Must have an active Elite Business Checking account
  • $5 minimum balance
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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
  • Additional documentation may be required

Current rates

Type Rate APY Min Balance
Business Money Market 0.03% 0.03% less than $1,000.00
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.

Award-winning service

2020 Best of Central Mass winner award badge

2020 Winner: Best of Central Mass

2019 Winner: Best of Central Mass

Rated 5 Stars by Bauer

2018 Winner: BBB Marketplace Excellence

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.