Put your larger business balances to work
Your business works hard for every dollar. Make your excess cash work harder, too.
The FVSBank Business Premium Money Market account is built for businesses with higher balances that want competitive, tiered interest, flexible access to funds, and local support from a Wisconsin based banker.
Best for businesses with:
$50,000 + in reserves
Seasonal cash flow
Larger operating balances
Why choose FVSBank Business Premium Money Market?
Earn more on larger balances
Tiered interest helps your business earn more as your balance grows.
Keep access to your cash
Use the account for surplus funds, reserves, planned expenses, or seasonal cash flow needs.
Manage money digitally
Access your account through FVSBank Digital Banking, Mobile Banking and Digital Statements.
Bank with local support
Get guidance from a business banker who understands local businesses in Fond du Lac, Oshkosh, Waupun and the Fox Valley.
Account Details
Minimum opening deposit: $50,000
Monthly fee: $25, waived with a $50,000 average daily balance
Paper statement fee: $5, waived with Digital Statements
Is this account right for your business?
This account may be a good fit if your business:
- Keeps $50,000 or more in surplus cash
- Wants to earn interest without locking funds into a CD
- Has seasonal or variable cash flow
- Needs access to funds for larger expenses
- Wants local business banking support
- Values digital access and FDIC-insured security
What to have ready
To open a business account, please have:
- Your Employer Identification Number (EIN), or Tax ID Number
- Articles of Incorporation, Articles of Organization, charter, or similar business formation documentation
- Government-issued photo ID and Social Security number for each authorized signer.
Frequently Asked Questions
What is a Business Premium Money Market?
A Business Premium Money Market is a type of account designed for businesses, offering higher interest rates and easy access to funds through withdrawals and check-writing.
How do Business Premium Money Markets differ from regular business savings?
Business Premium Money Market accounts generally offer higher interest rates and provide additional access options, such as check-writing, which is not typically available with regular business savings accounts.
What are the benefits of a Business Premium Money Market?
Benefits include higher interest rates, FDIC insurance, liquidity and easy access to funds, online and mobile banking, and monthly statements to track account activity.
Are Business Premium 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.
Can I use a Business Premium Money Market account for daily transactions?
These accounts are not designed for daily transactions. They are better suited for managing surplus cash reserves and earning interest while keeping funds accessible for occasional, larger expenses.
Are there fees associated with the FVSBank Business Premium Money Market account?
A monthly maintenance fee of $25 can be waived with a $50,000 average daily balance. A $5 paper statement fee can be waived with enrollment in FVSBank Digital Statements.
How often can I withdrawal funds from a Business Premium Money Market account?
There is no limit for withdrawals from your FVSBank Business Premium Money Market.
Can I link a Business Premium Money Market account to other business accounts?
Yes, you can link an FVSBank Business Premium Money Market to other FVSBank business accounts, such as checking or savings accounts, to facilitate transfers and better manage your finances.
What is the difference between an FVSBank Business Premium Money Market account and a Business Money Market fund?
An FVSBank Business Premium Money Market account is a type of savings account, while a Business Money Market fund is an investment product. Money market funds invest in short-term, low-risk securities and are not FDIC-insured.