Put your extra business cash to work
Your business needs cash that is easy to access, and it should still have the opportunity to earn interest. An FVSBank Business Money Market Account gives you tiered interest, check-writing access, and local support when you need it.
Best for businesses that want to:
Earn interest on excess operating cash
Keep funds accessible for upcoming expenses
Manage seasonal cash flow
Maintain a higher balance in a secure account
Separate reserves from everyday checking
Why choose a Business Money Market?
Earn more on higher balances
Take advantage of tiered interest rates designed for business funds.
Keep access to your money
Use your funds when needed with unlimited withdrawals, including check-writing access.
Stay secure
Deposits are FDIC-insured, giving your business added confidence.
Manage money online
Access your account through FVSBank Digital Banking to view balances, transfer funds, and manage your business finances.
Account Features
Minimum opening deposit: $5,000
Monthly fee: $10 monthly maintenance fee, waived with $5,000 average daily balance
Paper statement fee: $5 paper statement fee, waived with enrollment in Digital Statements
What you’ll need to open an account
Have the following ready:
- Employer Identification Number (EIN) or Tax ID Number
- Articles of Incorporation, Articles of Organization, charter, or similar business formation document, if applicable
- Government-Issued photo ID and Social Security number for each authorized signer
Frequently Asked Questions
What is a business money market account?
A business money market account (MMA) is a type of savings account designed for businesses. It offers higher interest rates than traditional savings accounts while providing unlimited check-writing.
What are the benefits of a business money market account?
Business money market accounts offer several benefits, including higher interest rates, easy access to funds, FDIC insurance, and the ability to write an unlimited number of checks. They are ideal for managing excess cash reserves while earning interest.
Are business money market accounts insured?
Yes, all deposits owned by a corporation, partnership, or unincorporated association at the same bank are combined and insured up to $250,000.
How does a business money market account differ from a business savings account?
While both account types earn interest, business money market accounts typically offer higher interest rates and provide check-writing privileges. Business savings accounts usually offer lower interest rates.
Can I use a business money market for daily transactions?
Business money market accounts are not designed for daily transactions. They are better suited for managing excess cash reserves, earning interest, and having access to funds for occasional, larger expenses.
Can I link a business money market account to other business accounts?
Yes, you can link a business money market account to other business accounts, such as checking or savings accounts, to facilitate transfers and better manage your finances.
What are the requirements to open a business money market account?
Requirements may vary by financial institution, but FVSBank requirements include providing business documentation (such as tax ID, articles of incorporation, or partnership requirements) and maintaining a minimum balance to avoid a monthly fee.