Business Money Market | Mizrahi Tefahot Bank LTD

Business Money Market Account

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Earn higher interest rates on your cash reserves while maintaining access to your funds with a secure Business Money Market Account from UMTB.

Details

Benefits of a UMTB Business Money Market Account include:

  • Higher interest rates than traditional savings accounts
  • Easy access to funds through checks, debit cards, and online transfers
  • No monthly maintenance fees with minimum balance
  • FDIC insurance on account balances up to $250,000
  • Detailed monthly statements with transaction information
  • Diversifies your business's portfolio and reduces risk

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Frequently Asked Questions

The minimum balance to open a money market account is $100,000.

Yes, you can make up to six pre-authorized covered transfers/withdrawals per month. A pre-authorized covered transfer/withdrawal includes a check, cashier's check, ACH debits, and/or telephone transfers.

Interest is calculated daily, based on the ending balance of the account that day. Interest is paid at the end of each statement cycle.

If your balance falls below the minimum balance threshold, you may be charged additional fees.