Business needs can change at a moment’s notice. A money market lets you keep up with access to funds when you need it.
Key Features
-
Tiered Interest
-
Direct Check Writing Ability
-
Free Digital Banking
All Business Money Market Deposit Accounts (MMDA) includes:
- Tiered interest; higher rates on larger balances
- Better interest than regular savings
- Direct check writing ability
- Free digital banking
- Free ATM card
| Executive Business MMDA | High Yield Business MMDA Promo1 |
|---|---|
| Talk to an Expert | Talk to an Expert |
| Description | |
| A standard money market deposit account that offers competitive interest rates for higher earning. | A high yield money market deposit account that pays higher rates on higher balances. Qualify for bonus rate increases by having an active operating account with Pathfinder Bank. |
| Minimum Deposit Amount | |
| Must deposit $2,500 to open this account and to accrue interest. | Must deposit $1.500 to open this account and accrue interest. Must have $250,000 in a non-interest bearing account at MMDA opening to qualify for the 1.00% bonus rate increase. |
| Monthly Maintenance Fee | |
| $10, if minimum daily balance falls below $10,000 any day during the month | $10, if minimum daily balance falls below $10,000 any day during the month |
| Executive Business MMDA Rates | High Yield Business MMDA Promo Rates | ||||
|---|---|---|---|---|---|
| Tiers | Rate | APY* | Tiers | Rate | APY* |
| $2,500 to $9,999 | 0.35% | 0.35% | $2,500 to $99,999 | 0.995%/1.98% | 1.00%/2.00% |
| $10,000 to $24,999 | 0.45% | 0.45% | $100,000 to $249,999 | 1.74%/2.72% | 1.75%/2.75% |
| $25,000 to $49,999 | 0.65% | 0.65% | $250,000 to $499,999 | 2.23%/3.20% | 2.25%/3.25% |
| $50,000 to $74,999 | 1.19% | 1.20% | $500,000 and over | 2.72%/3.69% | 2.75%/3.75% |
| $75,000 to $249,999 | 1.54% | 1.55% | |||
| $250,000 and over | 1.69% | 1.70% | |||
Funds withdrawn from your account will be charged against the account immediately and the amount withdrawn will not accrue interest from the date of withdrawal to the end of the interest payment period. This account may be limited by law to a specific number of preauthorized or automatic transfers, including ACH debits from the account and internet transfers to a checking account, per statement cycle. This rule does not apply to repayments of loans held at this bank. Please refer to the fee schedule to view any limitations on preauthorized and automatic transfers per statement cycle and action that will be taken should these limitations be exceeded.
*APY=Annual Percentage Yield. Rates accurate as of 12/4/24 and are subject to change at the bank's discretion.
1To receive the 1.00% bonus rate increase, shown above in bold, business must have a non-interest bearing operating account carrying a minimum balance of $250,000 in at MMDA opening.