Business Money Market
Upgrade your savings game with a flexible Salal Business Money Market account.
Thinking of scaling up operations? Looking to set aside emergency funds? Want to be ready to adapt when change happens? Whatever your savings goals are, opening a Business Money Market account can be a smart move if you’re looking to earn a higher rate on your cash reserves while maintaining easy access to your funds.
Up to
2.25
%
APY*
A great option if you want:
- Earn interest on balances greater than $2,500.
- $2,500 minimum deposit to open.
- First 10 deposited items are free every month.
- No monthly fee if average monthly balance is above $2,500.
Table Scrolls Right.
| ACCOUNT | MINIMUM DAILY BALANCE REQUIREMENT | INTEREST RATE | APY |
|---|---|---|---|
| BUSINESS MONEY MARKET | $2,500.00 - $9,999.99 | 0.35% | 0.35% |
| $10,000.00 - $24,999.99 | 0.50% | 0.50% | |
| $25,000.00 - $49,999.99 | 0.75% | 0.75% | |
| $50,000.00 - $99,999.99 | 1.00% | 1.00% | |
| $100,000.00 - $249,999.99 | 1.49% | 1.50% | |
| $250,000.00 - $499,999.99 | 1.74% | 1.75% | |
| $500,000.00 - $999,999.99 | 1.98% | 2.00% | |
| $1,000,000.00 + | 2.23% | 2.25% |
APY = Annual Percentage Yield. $2,500 minimum opening balance. Fees could reduce earnings on the account.
Questions?
We’re here to help.
Let us know the best way to contact you and a Salal Business Banking Specialist will get back to you.
