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Best Business Money Market Accounts Of 2025

Audited & Verified: Oct 1, 2025, 2:22pm
Written By
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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

A business money market account (MMA) is a flexible savings option for business owners looking to earn interest on additional cash. Money market accounts often come with an ATM or card and check-writing privileges, and many pay competitive rates on your balance.

The best business money market accounts have low or no fees, easy-to-meet minimum deposit requirements for businesses of all sizes and high interest or dividend rates.

Why you can trust Forbes Advisor

Our editors are committed to bringing you unbiased ratings and information. Advertisers do not and cannot influence our ratings. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the banking methodology for the ratings below.

  • 59 money market accounts studied
  • 44 nationwide banks and credit unions considered
  • 14 data points probed

Read More

Best Business Money Market Accounts of 2025

Below, you’ll find the best money market accounts for businesses currently available.

Best for Lower Balances

TAB Bank Business Money Market Account

5.0
Our ratings take into account a product’s features, costs, consumer ratings, security and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual Percentage Yield

Up to 3.25%

on the first $1 million

Minimum Deposit Requirement

$25

Monthly Maintenance Fee

$0

Learn More Arrow
Read Our Review

Up to 3.25%

on the first $1 million

$25

$0

Editor's Take

We picked TAB Bank’s business money market account due to its competitive yield and low minimums to open and earn interest. It’s not uncommon for money market accounts to reserve the best APYs for the highest balances, but TAB Bank pays 3.25% APY on the first $1 million and 0.25% APY on the remaining balance. The account requires just $25 to open and includes an ATM card and checkbook.

Read our full TAB Bank Review.

Pros & Cons
  • No monthly maintenance fees
  • Low minimum deposit requirement
  • ATM card and checkbook included
  • No physical branches
  • Balances over $1 million earn much lower APY
  • Monthly transaction limits
Details

TAB Bank is a full-service digital bank that also offers one of the best business savings accounts for small business owners looking for other ways to save, as well as a checking account and high-yield business CDs. It won’t be a good fit for anyone who prefers in-person banking, but those with less than $1 million to put away who bank online should consider this business MMA.

Interest compounds daily and is credited monthly for TAB business money market accounts. You will pay $15 for incoming wires and $30 for outgoing wires with this account, and fees will apply for stop payments, returned items and paper statements. TAB Bank accounts are FDIC-insured up to $250,000 per account, per depositor. Monthly transactions are limited to six per month.

Best for ATM Access

EverBank Business Money Market

4.6
Our ratings take into account a product’s features, costs, consumer ratings, security and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual Percentage Yield

1.35% to 3.75%

Minimum Deposit Requirement

$1,500

Monthly Maintenance Fee

$14.95

Learn More Arrow
Read Our Review

1.35% to 3.75%

$1,500

$14.95

Editor's Take

The EverBank Business Money Market account is one of the best business money market accounts because it offers good ATM access as well as decent tiered interest rates for various balances, with the highest APY on balances of $1 million or more. If it’s cash access you need, this bank might be an ideal fit. EverBank is part of a network of over 100,000 Allpoint and MoneyPass ATMs.

Furthermore, the bank reimburses you up to $15 in out-of-network ATM fees per month and offers unlimited ATM fee reimbursement for accounts with a minimum average balance of at least $5,000.

Read our EverBank Bank Review.

Pros & Cons
  • Extensive network of fee-free ATMs, plus monthly ATM fee reimbursements
  • Debit card and checkbook included
  • Can waive monthly maintenance fee
  • High monthly maintenance fee
  • Physical branches limited and only in Florida
  • Higher minimum opening deposit requirement
Details

This account earns from 1.35% to 3.75% APY. You’ll earn 1.35% APY on balances up to $24,999.99, 3.75% APY on balances between $25,000 and $999,999.99 and 1.35% APY on balances of $1,000,000 and up. Interest is compounded daily and credited monthly. EverBank accounts are FDIC-insured up to $250,000 per account, per depositor.

It carries a $14.95 monthly maintenance fee that’s waived if you maintain a balance of at least $5,000, and it requires $1,500 to open. This account includes free paper checks and can be used for overdraft protection for EverBank business checking accounts.

Best for High APYs

First Internet Bank Business Money Market Savings

4.5
Our ratings take into account a product’s features, costs, consumer ratings, security and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual Percentage Yield

3.46% or 4.42%

3.46% with a daily balance of $5,000,000 or below or 4.42% with a daily balance above $5,000,000. Rates and details as of 7/9/25.

Minimum Deposit Requirement

$100

Monthly Maintenance Fee

$5

Learn More Arrow
On First Internet Bank's Website
Member FDIC

3.46% or 4.42%

3.46% with a daily balance of $5,000,000 or below or 4.42% with a daily balance above $5,000,000. Rates and details as of 7/9/25.

$100

$5

Editor's Take

First Internet Bank has one of the best money market accounts for businesses looking to earn the most interest possible, especially sole proprietors. The higher rate is one of the highest APYs out there, but the $5 million balance requirement to access it will put that rate out of reach for many. However, lower balances still earn a competitive APY.

Read our full First Internet Bank of Indiana Review.

Pros & Cons
  • Competitive APY
  • Highly rated mobile app
  • Waivable monthly fee
  • ATM cards available for sole proprietors only
  • No physical branches
  • Must maintain a daily balance over $5 million to earn the higher yield
Details

Like most online banks, First Internet Bank does not have branch locations. This account carries a $5 monthly fee that’s waived if you keep an average daily balance of $4,000.

The bank has another business savings option: the First Internet Bank Business Regular Savings account. It pays 0.91% APY, can be opened with as little as $100 and has a $2 monthly fee that you can avoid with an average daily balance of $1,000.

Best for Credit Unions

FourLeaf Federal Credit Union Business Money Market Account

4.4
Our ratings take into account a product’s features, costs, consumer ratings, security and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual Percentage Yield

Up to 1.00%

Minimum Deposit Requirement

$500

Monthly Maintenance Fee

$20

Learn More Arrow
Read Our Review

Up to 1.00%

$500

$20

Editor's Take

FourLeaf (formerly Bethpage) Federal Credit Union’s business money market account earned its spot on our list thanks to the customer experience and ease of access this credit union promises. FourLeaf FCU is a full-service credit union with a highly-rated mobile app, an A+ BBB rating, and over 30 branches in Long Island and New York City, as well as 30,000 fee-free ATMs and 5,000 shared branches. The minimum deposit requirement for this MMA is on the low side at $500, and this account allows unlimited in-person transactions and six free pre-authorized debits a month.

Read our FourLeaf (formerly Bethpage) Federal Credit Union Review.

Pros & Cons
  • Unlimited free in-person transactions
  • Extensive network of fee-free ATMs
  • Credit union membership open to everyone
  • Can waive monthly maintenance fee
  • High monthly maintenance fee
  • Less competitive APY than other MMAs
  • High minimum balance required to earn best rate
  • Monthly transaction limits
  • Does not include debit card
Details

Unlike many credit unions, anyone can join. It takes $5 to become a member and access a variety of business banking products—including the Business Money Market Account.

With this MMA, your dividend rate is determined by your balance. You’ll earn the lowest APY on balances under $500 with this account and increasingly higher rates the more you save, with up to the higher rate on balances over $250,000. There is a steep $20 service fee, but it’s waived with a balance of $2,500.

FourLeaf Federal Credit Union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA). There are no requirements to join FourLeaf Federal Credit Union aside from a $5 deposit to a share savings account. You’ll pay $10 for each withdrawal over six a month. This account earns 0.10% APY for balances up to $499.99; 0.20% APY for balances between $500.00 and $49,999.99; 0.35% APY for balances between $50,000.00 and $99,999.99; 0.50% APY for balances between $100,000.00 and $249,999.99; 0.75% APY for balances between $250,000.00 and $499,999.99; and 1.00% APY for balances of $500,000.00 or more..


Summary : Best Business Money Market Accounts of 2025

Annual Percentage Yield
Up to 3.25% (on the first $1,000,000)
Minimum Deposit Requirement
$25
Monthly Maintenance Fee
$0
Annual Percentage Yield
1.35% to 3.75%
Minimum Deposit Requirement
$1,500
Monthly Maintenance Fee
$14.95
4.5
On First Internet Bank's Website Member FDIC
Annual Percentage Yield
3.46% or 4.42%
Minimum Deposit Requirement
$100
Monthly Maintenance Fee
$5
Annual Percentage Yield
Up to 1.00%
Minimum Deposit Requirement
$500
Monthly Maintenance Fee
$20

Methodology

To create this list of top business money market accounts, Forbes Advisor analyzed 59 money market accounts at 44 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. We ranked each account on 14 data points within the categories of APY, minimum requirements, customer experience, digital experience, fees, accessibility of funds, compound interest schedule and transaction limits. All of the accounts included in the research and ranked are online-based accounts that can be opened nationwide.

  • APY: 40%
  • Fees: 10%
  • Digital experience: 10%
  • Customer experience: 10%
  • Accessibility of funds: 10%
  • Minimums: 10%
  • Compound interest schedule: 5%
  • Transaction limits: 5%

Money market accounts with the highest APYs ranked highest, as did those with low fees and easy-to-meet minimum balance and deposit requirements. Accounts with positive customer service ratings and well-rated online and mobile platforms were also ranked higher. Accounts offering check-writing and debit card privileges received better scores as well.

We also took the complexity of tier structures and requirements to earn APYs into consideration. High minimum deposit and balance requirements resulted in lower scores. All accounts on this list can be opened by businesses, but restrictions for entity types and requirements for opening vary.

To learn more about our rating and review methodology and editorial process, read our guide on How Forbes Advisor Reviews Banks.


Current Business Money Market Rates

The national average money market account rate is currently 0.59%, according to FDIC data from September 15, 2025. However, the best business money market accounts pay rates several times greater than the average, with some offering over 4.00% APY.


What Is a Business Money Market Account?

A business money market account is a low-risk business bank account that lets owners earn interest on their savings. Like personal money market accounts, a business MMA offers the interest-earning potential of a savings account with some of the flexibility of a checking account, often in the form of debit cards and checks. You can open these deposit accounts with many traditional banks, online banks and credit unions.

Money market accounts are FDIC or NCUA insured up to $250,000 per account, per depositor, when opened with insured institutions.


How Does a Business Money Market Account Work?

A business money market account is primarily designed for saving but does not restrict access to funds. Unlike time deposit accounts like CDs, money market accounts don’t have maturity terms or charge early withdrawal penalty fees. You can add or remove funds from a business MMA at any time, but accounts may only allow up to six transfers or withdrawals per month before charging fees.

Despite monthly transaction limitations that may apply, business MMAs offer better spending ability than the average business savings account. Similar to a business checking account, these accounts may come with a debit or ATM card and checks to make transacting easier.

To open a business money market account, banks require legal documentation, such as your business licenses, Employer Identification Number (EIN) and articles of incorporation. Required documents vary by business type. Once open, you can fund your MMA to start earning interest.

MMAs earn variable interest rates that may change at any time. Many banks use tiered interest rates for money market accounts, meaning rates are determined by balances. Usually, larger balances earn higher rates with tiered-rate accounts, but some pay more on lower balances. Other MMAs earn the same rate on any balance. Interest for money market accounts often compounds daily or monthly and credits to the account monthly.


Pros and Cons of Business Money Market Accounts

There are several advantages and disadvantages of business money market accounts when compared to other saving and banking options.

Pros

  • High rates. The best business MMAs pay higher interest rates than savings and checking accounts.
  • Flexibility. MMAs offer more flexibility than savings accounts and CDs.
  • Insurance. Money market accounts typically offer up to $250,000 in FDIC or NCUA insurance

Cons

  • Minimums. Many business MMAs have high minimum deposit requirements to open and may require large cash balances to earn the best rates.
  • Fees. Many money market accounts charge monthly maintenance fees.
  • Transaction limits. MMAs often have monthly transaction limits and charge penalties for exceeding these.

How To Choose a Business Money Market Account

Some of the most important factors to consider when shopping around for a business money market account include:

  • Rates. Since a money market account is largely an account for saving, you want to pick one with the highest interest rate currently available for your given cash balance.
  • Fees. Consider monthly maintenance fees as well as your ability to potentially waive these fees by meeting balance minimums. Other fees to consider include excess transaction fees, wire transfer fees, foreign transaction fees, inactivity fees and out-of-network ATM fees.
  • Minimum requirements: Money market accounts often have higher minimum deposit requirements than business checking or savings accounts, as well as high minimum balance requirements to earn the best rates.
  • Cash access. Many MMAs limit you to six monthly transactions, but some allow for unlimited transactions. Additionally, not every business MMA comes with a debit card or checkbook. If you plan on making in-person transactions, look into cash accessibility features and perks.
  • Online and digital features. Most banks have digital banking features like mobile apps and online platforms, making it easy to bank online. But some platforms are much better than others. Read a few customer reviews and ratings for products you might be interested in.

Is a Money Market Account a Good Idea for Your Business?

A business money market account is worth it if your business has money to save but wants to maintain the flexibility to spend. These accounts are low-risk and make accessing funds easier than many savings accounts, and they often offer similar rates to high-yield savings accounts.

That said, many business MMAs limit you to six monthly transactions and charge fees for transfers or withdrawals beyond this, so they aren’t ideal for frequent use. They also won’t be ideal if you can’t meet the minimum deposit requirements to open or balance requirements to avoid fees.

If your business needs a safe place to keep extra cash, a money market account might be worth it.


Alternatives to Business Money Market Accounts

If a business money market account isn’t the right fit for your operation, consider these alternatives.

Business Checking Accounts

Business Savings Accounts

Certificates of Deposit

Find The Best Business Checking Accounts Of 2025


Next Up In Money Market Accounts


Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Thomas Blake
Contributor

Tom Blake is a full-time finance writer and blogger who specializes in covering the banking industry, side hustles and ways to make and save more money. His work has been featured in publications like Money Crashers, The College Investor, Moneywise and many more alongside Forbes. Tom is also the founder of This Online World, a website that helps people learn how to make money online.

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