Business Money Market Account
We're here to help:
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.
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.
Wealth management is an investment service that can help you plan for retirement. Here are the basics of wealth planning and how to plan for your future.
If you're transitioning your business to an ESOP, here's everything to know about Employee Stock Ownership Plan structures, tax advantages, and more.
How much money should your business keep in reserve? A healthy cash reserve amount can help with financial emergencies, additional growth, and more.
We're here to help: