Maximize Business Savings with a Money Market Account
A Business Money Market Account, the perfect high-yield savings account for businesses large and small, offers flexible ways to earn premium interest rates on your funds.
At West Plains Bank and Trust Company, we’re committed to providing every business customer with the digital banking and mobile banking solutions they need to succeed, alongside personalized, local expertise.
Now is the perfect time to open a Business Money Market Account and capitalize on your savings.
What is a Business Money Market Account?
A Business Money Market Account for your business lets you earn a premium rate of interest on your savings and grow your cash reserves. This can help you prepare for unexpected business expenses or curveballs life may throw your way, as well as planned expansions.
Business Money Market Accounts are low-risk business deposit accounts and provide the earning potential of a traditional business savings account, combined with the convenience and flexibility of a business checking account.
Compare Business Savings Products with West Plains Bank and Trust Company to find out which banking account is best-suited to your needs.
What are the Benefits of Opening a Money Market Account?
When you open a high-yield business money market account, you receive the following:
- Premium rate of interest
- Six free transfers per statement cycle (no more than three by check)
- Online banking
- Free monthly e-statements
- Mobile banking and mobile check deposit
- Check writing and account debit card
- Member FDIC-insured funds
- Accessible funds
What are the Requirements to Maintain a Business Money Market Account?
Money market accounts require a $50 minimum deposit at the time of opening. Businesses then have a 30-day grace period to raise their account balance to $2,500. This is the minimum balance that businesses must maintain to avoid a $10 service fee on their account. Interest is not earned on balances lower than $2,500.
Transfers from your Business Money Market Account can be applied to another account or to third parties by preauthorized, automatic, telephone or computer transfers. Customers are limited to six transfers/withdrawals per monthly statement cycle. Each excess transfer/withdrawal will incur a $5 fee. No more than three withdrawals may be made by check, per statement cycle.
How do I open a High Yield Business Savings Account?
Interested in opening a Business Money Market Account for your business? If you already bank with West Plains Bank and Trust Company, you can open a Business Money Market Account by visiting your local branch.
If you’re looking to open a high-yield business savings account, you’ll need to stop by any of our five, full-service branches. We’re located in West Plains, Mountain View, Willow Springs and Houston, Missouri. Contact a customer service representative for more details.
Transferring to West Plains Bank and Trust Company? Use our easy Switch Kit to transfer your account.
West Plains Bank and Trust Company
Our Business Money Market Account is perfect for businesses looking to grow, while keeping their funds safe. West Plains Bank and Trust Company has provided South Missouri and North Central Arkansas with community-centered financial services since 1883, underscoring a commitment to the faces and the places we call home.
Your business deserves a reliable banking partner and a dedicated team of financial experts to champion your needs. You’ll find it at West Plains Bank and Trust Company. Open a Business Money Market Account today.