Business Money Market Account
Piermont Bank
APY
3.75%
Monthly Fee
$25/mo (waivable)
To Qualify
$50,000 Transfer
Availability
Nationwide
Bonus Details
3.75% APY on balances $50,000+, 3.25% APY on balances $20,000+, or a 0.75% APY on balances less than $20,000.
How To Qualify
To be eligible, users must open*:
(1) High Yield Business MMA
(2) Classic Business Checking Account
$50,000+ required for the highest APY
If no business checking account is opened – MMA is not eligible for the 3.75% APY and will
earn the lower 3.25% APY instead. Subject to balance minimums.
APY Details
3.75% APY on High Yield Business MMA balances of $50,000 or more, 3.25% APY on balances of $20,000 or more, and 0.75% APY below $20,000. Interest compounds and is credited monthly on the daily collected balance, and the APY can change at any time.
APY Requirements
Open both a High Yield Business MMA and a Classic Business Checking account, and keep at least $50,000 in the MMA. Without the business checking account the MMA earns 3.25% instead.
The Fine Print
- Monthly Fees
- $25
- Account Type
- Business Money Market Account
- Expiration Date
- None Listed
- Availability
- Nationwide
Monthly Fee Details
Fee waived if average monthly balance is above $1,000.
Disclosure
*Annual Percentage Yields (APY) are effective as of 06/15/2026. 3.75% APY requires maintaining
a minimum balance of $50,000 in the Business Money Market Account (MMA). If balances fall
below $50,000 but remain at or above $20,000, the MMA will earn 3.25% APY. Balances below
$20,000 will earn 0.75% APY.
Eligibility for the 3.75% APY also requires opening a business checking account. APY may change
at any time before or after an account is opened.
New customers only.
Interest is compounded and credited monthly, based on daily collected balance.
**Minimum average monthly balance of $1,000 to avoid a monthly service fee of $25.00.
FDIC insurance is up to $250,000 per depositor, for each account ownership category. Multi-
million-dollar FDIC insurance is available through separate enrollment with IntraFi’s ICS deposit product.
Deposit products are offered in the U.S. by Piermont Bank, Member FDIC