Business Money Market Account

We’re in Business Together

While you’re out there growing your business, rest assured that your money will be growing as well. Our Business Money Market Account lets your money earn a higher interest for higher balances, and still gives you immediate access to cash when you need it.

Why Choose a Money Market Account?

A money market account can be a valuable component of a small business owner’s financial strategy. A money market account is a hybrid business checking account and business savings account. This account allows you to use the money market fund to keep the majority of your working capital, transferring funds as needed into your business checking account in order to maximize your interest income. This type of account is designed with small businesses in mind and allows you to profit from the account’s higher interest rate—while taking care of everyday expenses.

Key Benefits:

  • Get 100 free deposits and 3 free withdrawals per month1
  • No monthly maintenance fee on average monthly collected balances of $10,000 or more Otherwise, it is $10 a month
  • Tiered interest rates to help you earn more as your balance grows2
  • The convenience of online banking, bill pay and electronic statements

How to Open a Money Market Account

In order to open a business money market account, please put together the following documents and schedule an appointment with a Fifth Third Bank representative.

  • Your business’s Employer Identification Number (EIN) or tax ID number, or your Social Security number if you’re the sole proprietor.
  • Legal documents that indicate when your company was formed (not required for sole proprietors) like Articles of Incorporation, Articles of Organization, or a charter, etc.
  • Your Government-issued photo ID and Social Security number for anyone authorized to sign checks or make transactions on your organization’s behalf.

Additional Resources

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How Much Money Should Your Business Keep in Reserve?

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