Business Money Market
Competitive tiered rates with 100% deposit insurance
Business Money Market Features
For over 100 years, we’ve helped businesses grow and thrive. Our Business Money Market combines competitive interest rates with the flexibility your business needs to manage cash flow effectively while maintaining easy access to funds.
Core Account Benefits
- Earn competitive APY with tiered rates—higher balances earn higher rates
- No monthly maintenance fees ever—keep 100% of your earnings
- 100% deposit insurance through FDIC plus DIF coverage protects every dollar
- Free Business Online Banking1 with mobile app and bill pay included
- $25 minimum opening deposit makes it easy to get started
Community Banking Advantages
- Local decisions made by bankers who understand your business needs
- Serving businesses for over 100 years, in every kind of economy
- Personal relationships with bankers who know your business and industry
- Quick access to loans, lines of credit, and merchant services
- Community reinvestment focus supports local business development
Business Money Market Rates
Earn higher interest rates for larger balances with our tiered-rate business money market account. No monthly maintenance fee and immediate access to your funds when you need them.
Business Money Market
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 – 24,999.99 | 1.14% | 1.15% |
| $25,000 – 99,999.99 | 1.24% | 1.25% |
| $100,000 – 249,999.99 | 1.49% | 1.50% |
| $250,000 – 499,999.99 | 1.83% | 1.85% |
| $500,000 – 999,999.99 | 2.08% | 2.10% |
| $1,000,000 & up | 2.32% | 2.34% |
* All rates and Annual Percentage Yields (APYs) are accurate as of the rate effective date and are subject to change without notice. The Annual Percentage Yield is the rate at which an account would earn interest over a one-year period if the stated interest rate remained in effect and all interest paid on the account was left in the account. Interest is compounded monthly on all accounts. Fees on your account could reduce earnings. Rate(s) may change after the account is opened. Cannot be combined with any other offers. Minimum deposit of $25 required to open account.
Choose the Right Business Account
Compare our business account options to find the perfect fit for your needs. Each account is designed for different business banking goals and growth stages.
Business Money Market Account
Earn competitive tiered rates while maintaining liquidity. Perfect for businesses wanting higher returns on cash.
- Tiered rates – earn more on higher balances
- 100% deposit insurance (FDIC+DIF)
- No monthly maintenance fees
- Unlimited electronic transfers
- $25 minimum opening deposit
- Free business online banking1
Business Checking Account
Full-service checking for daily operations. Cash Management tools available with our Cash Management checking product.
- Unlimited transactions
- 100% Deposit Insurance
- Tap to Pay Debit card
- Mobile check deposit
- Earn MyCapeRewards points on purchases
- Bill pay services
- Access to 55,000+ free ATMs2
Business Savings Account
Reliable savings with room to grow. Competitive rates and easy access when you need it most.
- Competitive interest rates
- No minimum balance required
- Automatic transfers available
- 100% deposit insurance
- Combined statements
- Online account management
Complete Business Banking Tools
Maximize Your Business Cash Returns
Stop settling for low-yield checking accounts. Our tiered rate structure means your business earns more as it grows, with some of the most competitive rates in Massachusetts.
Start Earning More on Business Cash
Join hundreds of businesses earning competitive rates with local decision-making and 100% deposit insurance. Experience the difference that relationship banking makes for your business success.
Why Businesses Choose Us
Local decision-making, relationship banking, and competitive rates that reward your business growth. Experience personalized service from bankers who understand your business and care about your success.
1There are no bank fees for this service, but standard wireless/data plan fees and/or text rates apply. Consult your provider.
2Other banks may charge a fee for the use of their ATM.