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Money Market Plus

Give your business the best of both worlds. With MBT’s Business Money Market Plus Account, you’ll get the convenience and liquidity of a checking account, with the investment power of a high-yield savings account.

Features and Benefits

  • No monthly maintenance with a $2500 minimum balance.
  • Tiered interest rates depending on balance levels.
  • Interest earned on all collected funds on deposit.
  • Unlimited teller transactions.
  • Limited check access.
  • Interest compounded daily.
  • Up to six pre-authorized transactions per month of which three may be third-party checks.
  • Monthly account statement.
  • Personal contact with the “MBTeam”.

Current Rates

Money Market Plus
Type Rate APY Interest Compounded
Balance Less than $10,000 0.02% 0.02% Daily
Balance $10,000 to $24,999.99 0.05% 0.05% Daily
Balance $25,000 to $49,999.99 0.08% 0.08% Daily
Balance $50,000 to $99,999.99 0.10% 0.10% Daily
Balance $100,000 to $499,999.99 0.12% 0.12% Daily
Balance $500,000 or more 0.15% 0.15% Daily
APY = Annual Percentage Yield. Rates current as of  April 15, 2014. The above is an interest bearing account. The minimum deposit to open an account is $100. Interest is compounded daily. The APY and Interest Rates may change at any time and without prior notice, including after account opening. APYs shown apply to only individual and joint consumer accounts. A maintenance fee of $10 will be charged for every statement cycle the account falls below $2000. Fees may reduce earnings. While every effort is made to publish current rates and fees, it is the reader's responsibility to confirm or verify any rates or fees with the Bank by visiting any branch, contacting the Customer Service Center at 800-321-0032, or by completing and submitting the Contact Us form, which may be accessed from any website page.

 

Higher Balance, Greater Savings

If your business maintains a higher savings balance, an MBT Money Market Plus is the perfect solution. This insured, interest-paying investment account allows you to maximize your income by earning interest on all funds on deposit – at competitive rates compounded daily.  

Despite the great savings potential, our Business Money Market Plus lets you enjoy many of the conveniences of our Business Checking Accounts, including unlimited in-person withdrawals, up to six pre-authorized transactions per month, and immediate access to your account information through our available eBusiness Access On-Line Banking Service. And, by maintaining a minimum balance of $2500, you can eliminate balance fees.

Simply contact Business Services or call 800-321-0032 for more information.

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