Compare Business Money Market Deposit Accounts

As your business grows, you need the ability to save and get the added advantage of earning interest.

Business Money Market

Business Reward Money Market Savings

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Ideal If You're Looking For...
A return on high balances and limited check-writing capabilities A way for your large business to grow the funds it does not need to access regularly
Interest
Yes; tiered interest rates compounded daily Yes; tiered interest rates compounded daily1
Monthly Service Fee
$30 Waived with minimum average balance of $15,000 $30 Waived with minimum average balance of $15,000
Minimum Opening Balance
$5,000 $10,000
Additional Details
Balance of $100,000 in First Republic business checking accounts required

 

Maximum of six debits per statement cycle2 Maximum of six debits per statement cycle3. Checks are not available with this account.
FDIC Insurance
To Legal Maximum To Legal Maxiumum
1If the business checking account average balance falls below $100,000 per statement cycle, the Business Money Market rate will apply.

2No more than a total of six transfers/withdrawals (including checks, drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.

3No more than a total of six transfers/withdrawals (including drafts, point-of-sale, telephone, online banking and preauthorized transfers, including overdraft transfers) allowed during each monthly statement cycle, in accordance with Federal Reserve Regulation D.