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Your business reserves should be earning more than they are.
A Business Money Market Account puts your reserves to work without sacrificing flexibility. Balances of $2,500 or more earn a higher tiered Annual Percentage Yield (APY)* that grows automatically with your balance. Funds stay fully accessible through Online Banking, the FireFirstCU mobile app, checks and ATMs. No lock-in periods, no commitment required.
Business money market at a glance.
Here is a quick look at the key details before you open a Business Money Market so you can plan your commitment with confidence.
| Features | Details |
|---|---|
| Minimum to Open | None |
| Higher APY Tier | $2,500 minimum balance |
| Rate Structure | Tiered, variable rate |
| Account Access | Online Banking, FireFirstCU mobile app, checks and ATMs |
| Insurance | Federally insured by NCUA |
Everything you need to know about business money market.
Is there a minimum balance to open a Business Money Market Account?
No. There is no minimum balance required to open the account. However, balances of $2,500 or more earn a higher APY through our tiered rate structure.
How do tiered rates work?
Tiered rates mean that higher balances earn higher dividend rates. Once your balance reaches the $2,500 threshold, your rate increases automatically. Contact our Business Services Team or visit the Business Rates page to see current tiers and rates.
Can I access my funds whenever I need them?
Yes. The Business Money Market Account is a liquid account, meaning there are no lock-in periods or withdrawal restrictions. You can access your funds through Online Banking, the FireFirstCU Mobile App, checks or ATMs at any time.
How is this different from a Business Share Certificate?
A Business Money Market Account is liquid and earns a variable rate that can change over time. A Business Share Certificate locks in a fixed guaranteed rate for a set term in exchange for committing your funds for that period. The right choice depends on whether you need flexibility or want the certainty of a guaranteed rate.
Do I need a business membership to apply?
Yes. Business membership is required before funding. If you do not yet have a business membership with Firefighters First Credit Union, our Business Services Team can help you get set up. You can also apply online to begin the process.
Are my funds insured?
Yes. All Firefighters First Credit Union deposit accounts are federally insured by the NCUA up to $250,000 per member, per ownership category.
The Business Money Market Account is a variable rate account. The dividend rate and APY are subject to change without notice, including after account opening. Fees conditions could reduce earnings on the account. Higher APY requires a minimum balance of $2,500.
Federally insured by NCUA.
View the Business Schedule of Fees »