FDIC-Insured – Backed by the full faith and credit of the U.S. Government
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 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
Want more information?
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.