Business Money Market

Maximize Your Savings

Explore our Money Market accounts designed for small businesses and take advantage of competitive interest rates that can boost your earnings on idle business funds. Enjoy the flexibility and easy access to the money you need for your daily business operations. It's a simple and effective way to manage your finances and foster the growth of your small business.

Disclosures

  • 020) Requires a minimum $1,000/month Direct Deposit to a checking account under the same membership, to begin no later than 90 days from the date the account is opened and to continue for the life of this account. If the direct deposit does not begin or stops, the account is eligible to earn the Base Premier Money Market account rate. Eligibility is based on the prior month's transactions i.e. to earn dividends for the month of December, the account must meet the requirements in November.
  • 243) Limited time promotional offer. May be extended or withdrawn without notice. Membership required. The minimum opening deposit is $250,000 and must be funds that have not been on deposit with Provident Credit Union for the last 60 days. You must maintain a minimum daily balance of at least $2,500 in your account each day to obtain the disclosed annual percentage yield. Dividends will be compounded monthly and credited to your money market account monthly.
  • 311) APY = Annual Percentage Yield. Fees may reduce earnings on all savings and money market accounts.

Features

  • Earns dividends
  • Instant liquidity
  • Can be used as an overdraft source for Provident Business Checking accounts
  • Current rates between ​0.08% APY - ​0.76% APY311 depending on your account balance

Requirements

  • $2,500 minimum balance

Business Money Market

Enjoy the advantage of earning a higher interest rate than a typical savings account without tying up your business funds.

Features

  • Earns higher dividends than a regular Money Market account
  • ​Instant liquidity
  • Current rates between ​0.08% APY - ​0.91% APY311 depending on your account balance​

Requirements

  • Maintain minimum balance of $25,000
  • $1,000 per month direct deposit to a checking account under the same membership020

Business Premier Money Market

The Premier Money Market account offers the same liquidity as a regular Money Market account, but with higher yields, as long as you meet requirements.020

Features

  • Earns our highest dividend rate
  • ​Instant liquidity
  • No account fees
  • Can be used as an overdraft source for Provident Business Checking accounts
  • Current rates between  ​0.08% APY - ​4.25% APY311 depending on your account balance

Requirements

  • Must open with a minimum balance of $250,000 to receive 4.25% APY243

Business High Yield Money Market

The High Yield Money Market account offers the same liquidity as a regular Money Market account but pays premier returns with our highest yield, as long as you meet the requirements.243

Join Provident

Become a Business Member by opening a Business Savings account and unlock a suite of tailored products and services.
  • Simplify bookkeeping
  • Enjoy competitive rates
  • Elevate your purchasing power
  • Grow your earnings
Become a Business Member

Money Market FAQs