Business Money Market Account

Got an extra stash of cash? Put it to work with 4.25% APY for three months*

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Have your business savings grow in a Business Money Market Account!


Maximize your earnings with a Business Premier Money Market account. Take advantage of competitive rates, while maintaining access to your funds at any time.

  • Get our 4.25% APY* introductory rate for three months with a minimum new-money to Academy Bank deposit of $25,000
  • Tiered interest rates
  • Can be used by Homeowners Associations





































Business Premier Money Market Yields

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Minimum Balance Annual Percentage Yield (APY)
$25 to $9,999.99
1.50%
$10,000 - $24,999.99
1.70%
$25,000 - $49,999.99
1.90%
$50,000 - $99,999.99
2.20%
$100,000 - $249,999.99
2.50%
$250,000 and up
3.25%
The interest rate and annual percentage yield is subject to change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If you use mobile banking to access your account, message and data rates charged by your mobile carrier may apply.

A few nice-to-knows about Business Money Market Account

 
  • There is a $25 opening deposit requirement. To receive promotional rate, the deposit must be new money to Academy Bank.
  • No monthly service charge when you maintain a minimum balance of $1,000 per monthly statement cycle. Otherwise, a monthly service charge of $10 applies.1
  • 6 transactions per statement cycle allowed.2
  • You can receive free eStatements or $5 paper statements with this account.
  • Closing new accounts within 90 days of opening will result in a $20 early closure fee.
  • Up to $100,000 ACH funding possible when opening online3
 
 
 
Don't see what you're looking for, check out our Business Banking Homepage for more products and services.




































Annual Percentage Yield (APY) is accurate as of . Promotional rate is effective for 3 months from the opening date of a new Premier Money Market account. To receive the introductory rate, account must be opened with a minimum of $25,000 or for existing Money Market accounts, a minimum additional deposit of $25,000 is required that cannot be transferred from an existing account. Maximum deposit eligible for promotional rate is $3,000,000. The rate may change after the account is opened. Fees charged to the account could reduce the earnings on the account. If the account is closed prior to the interest payment date, no interest will be paid.
 
1 A monthly service charge of $10 will be imposed every month or statement period if the balance in the account falls below $1,000 on any day of the month or statement period.
2 Excessive withdrawal fee of $10 per item over 6 withdrawals per statement cycle not to exceed $60 per statement cycle.
3 A $100,000 limit is in place for ACH transactions when funding a Premier Money Market account. No international transfers.
 
FDIC-insured up to the maximum allowed by law.