Business Money Market
Earn up to 3.00% APY2,7
Maximize your business capital with a tiered-rate Business Money Market account, exclusively available to our Elite Business Checking members. Tiered rates reward higher balances, making this account ideal for operating reserves, emergency funds, and short-term business savings goals.
Get Started Find a BranchWhy choose a Business Money Market?
Webster First's Business Money Market is a smart way for businesses to save.
Business Money Market FAQs
What is a Business Money Market Account?
A business money market account is a high-yield business savings account that pays dividends; designed for companies that want to earn higher returns on cash reserves while maintaining access to funds. Unlike business Share Certificates or CDs, you have the felxibility to withdraw money without penalty at any time. And unlike regular savings accounts which earn a flat and typically low rate of return, a Business Money Market offers tiered dividend rates that earn more. Webster First’s Business Money Market account has tiers that earn up to 3.00% APY.2,7 Keep your cash liquid and enjoy no monthly maintenance fees.
What makes Webster First's Business Money Market a good choice?
- Fully insured up to $250,000 by NCUA with all additional amounts covered by MSIC.
- Withdraw funds at any time without penalty. Make unlimited withdrawals at your local branch and up to 6 withdrawals per month at an ATM, online, or by phone.
- No monthly or annual maintenance fees, regardless of your balance.
- After the account is open, there are no restrictions on deposit amounts or totals.
Who should use a Business Money Market?
This account may be ideal for:
- Businesses maintaining large operating reserves.
- Seasonal businesses managing fluctuating cash flow.
- Companies saving for equipment purchases.
- Organizations seeking liquidity plus yield.
- Businesses that want higher earnings without locking funds into certificates.
What are the requirements to open?
- Must have an active Elite Business Checking account
- $5 minimum balance
Business Money Market Rates
| Type | Dividend Rate | APY2 | Min Balance7 |
|---|---|---|---|
| Business Money Market21,52 | 1.49% | 1.50% | $1,000,000.01 + |
| 1.49% | 1.50% | $100,000.01 - $1,000,000 | |
| 1.49% | 1.50% | $50,000.01 - $100,000 | |
| 2.96% | 3.00% | $10,000.01 - $50,000 | |
| 2.96% | 3.00% | $1,000.01 - $10,000 | |
| 2.96% | 3.00% | $0.00 - $1,000 |
Business Savings Comparison
Which type of account is right for your business savings?
| Business Money Market | Business Savings Account | Business Certificates (or CDs) | |
|---|---|---|---|
| Access to funds | Flexible | Flexible | Limited |
| Fixed rate | No | No | Yes |
| Typical yield | Moderate | Lower | Higher |
| Withdrawal penalties | No | No | Yes |
| Minimum Balance requirements | Low-higher to earn rates | Low | Higher |
| Best for | Operating reserves | Basic savings | Long-term savings |
Start earning more on your reserves today
Award-winning service
2026: Newsweek Best Regional Banks and Credit Unions
2025 Winner: Best of Central Mass
2025: Newsweek Best Regional Banks and Credit Unions
2024 Winner: Best of Central Mass
2024: Newsweek Best Regional Banks and Credit Unions
2023 Winner: Best of Central Mass
Rated 5 Stars by Bauer
