Horizon Community Bank offers high-yielding money market accounts. If you need to save a larger lump sum of cash risk-free while keeping it accessible for your business, these can yield a stronger interest rate than traditional checking or savings accounts.

See our Business Checking page for details!


Money market accounts pay interest rates typically higher than a standard checking or savings account.

In exchange for the higher interest, these have higher minimum deposit and balance requirements, and allow a limited number of withdrawals each month. Some allow the account holder to write checks that draw on the money market balance.

Interest rates are typically less than Certificate of Deposit (CD) rates, but allow cash withdrawals.

Unlike a transactional checking account, money market accounts are subject to regulations for savings accounts and subject to FRB Regulation D, which limits third-party automatic or preauthorized withdrawal transactions to six per month.

Unlike a money market fund, which are investment accounts offered by many brokers, money market accounts are federally insured by the FDIC.

If you’re looking for an even higher rate of interest and can invest your money for a minimum of seven days without a withdrawal, a Certificate of Deposit might be appropriate. Ask about it today, or set up a meeting with your banker to discuss other alternatives to make the most of your capital.

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