Routing # 321076470

Business Money Market

Help your business soar with a federally insured, high-yield Money Market account.


Earn more with a Business Money Market

You’re leaving money on the table if you’re using a low-yield savings account. Patelco’s Business Money Market account offers outstanding rates to help your savings – and your business – grow faster! Plus, enjoy peace of mind knowing that your money is insured by the National Credit Union Administration (NCUA).
 
To qualify, you must have a Patelco Business checking account under the same Member number. The rate you’ll earn each month will be calculated based on the daily balance you maintain in your Business Money Market account.

APY1RateMinimum Balance
323034.50%4.41%$250,0000.00 Yes 

The following variable interest rates will apply to your account balance: 4.50% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.50% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY up to $49,999.99.

322924.00%3.93%$100,000.00 Yes

$100,000 to $249,999.99

323013.50%3.45%$50,000.00 Yes

$50,000 to $99,999.99

322953.00%2.96%$25,000.00 Yes

$25,000 to $49,999.99

322962.50%2.47%$5,000.00 Yes

$5,000 to $24,999.99

322850.05%0.05%$0Yes

$0 to $4,999.99

322880.05%0.05%$0No

$0 to $4,999.99

High-yield savings that maximize your gains

Insured by NCUA

Like FDIC, your money is federally insured up to

Free Overdraft Protection

Keep your business on track with overdraft protection linked to a Patelco checking account

Top-rated Mobile App and Online Banking2

Access your accounts anytime from anywhere to view account activity, set alerts, send or transfer money and deposit checks

Choose the checking account that’s best for your business

Select a Business Checking account with low monthly fees, or choose Business Interest Checking account with higher transaction limits.

Easy account transfers

Move your money between linked Patelco accounts or external accounts to take advantage of your high-yield rate

No monthly fee

No fees for your first 25 transactions each month3

Business Money Market Rates

Rates Effective 06/25/2024

Requirements Met4Min. BalanceAPY1RateDividend
32303Yes $250,0000.00 4.50%4.41%Monthly 06/25/2024
32292Yes$100,000.00 4.00%3.93%Monthly 06/25/2024
32301Yes$50,000.00 3.50%3.45%Monthly 06/25/2024
32295Yes$25,000.00 3.00%2.96%Monthly 06/25/2024
32296Yes$5,000.00 2.50%2.47%Monthly 06/25/2024
32285Yes$00.05%0.05%Monthly 06/25/2024
32288No$00.05%0.05%Monthly 06/25/2024

FAQs about Business Money Market Account

Open your Business Money Market account today
Build your business and maximize your returns with a Patelco Business Money Market account.

  • No monthly fees3, $100 opening balance
  • Earn a rate as high as 4.50% APY1 with a qualifying Patelco Business checking account
  • Transfer money with ease between your accounts to keep earning the high savings yield

1 APY=Annual Percentage Yield. Rates are effective as of Rates Effective 06/25/2024 and are subject to change before or after account opening without notice. Rates vary by tier and apply to the full balance. The following variable interest rates will apply to your account balance: 4.50% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.50% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY up to $49,999.99. In order to obtain high tier interest rates, the account must meet the eligibility requirements, that is a Patelco Business checking account (opened under the same member number). If the account fails to meet eligibility at any time, the lower interest rate of 0.05% APY will be defaulted. For more details, read our Business Money Market Account Overview.

2 Source: over 22,000 five-star reviews on the App Store.

3 Accounts are subject to a $0.25 transaction fee if account exceeds 25 transactions each month. Accounts are subject to an excess cash fee of $0.50 fee per $100 deposited or purchased after $5,000 in cash.

4 Checking Requirements: In order to obtain higher tier interest rates, the account must meet the eligibility requirements, that is a Patelco Business checking account (opened under the same member number). If the account fails to meet eligibility at any time, the lower interest rate of 0.05% APY will be defaulted for that month.

The following is a non-exclusive list of business types that Patelco does not serve: (1) any business subject to any sanctions prohibitions administered by the Office of Foreign Assets Control; (2) medical marijuana dispensaries or any other business involved in the marijuana industry; (3) money services businesses or MSBs (ATM machines, check cashing, vending machines, cash-intensive businesses, etc.); (4) gambling businesses; (5) digital currency businesses; (6) third party payment processors; (7) prostitution businesses, whether legal or not; (8) embassies, consulates, and diplomatic missions; (9) pawn shops or pawnbrokers; (10) anonymous ownership entities; (11) adult entertainment businesses; (12) firearms and ammunition manufacturing businesses; (13) businesses that advocate violence or hate against any group or individual; (14) businesses that are engaged in an activity that is illegal under state or federal law; (15) businesses that present a high degree or risk, and (16) businesses that could be detrimental to Patelco’s reputation or values.

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