BUSINESS MONEY MARKET ACCOUNT
Arizona Financial Credit Union 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!
WHAT IS A MONEY MARKET ACCOUNT?
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. Some allow the account holder to write checks that draw on the money market balance.
Interest rates are typically less than Certificate rates, but allow cash withdrawals.
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 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.