Business Money Market Savings

With a business Money Market Savings account, you can have the best of both worlds: flexibility and a higher interest rate. 
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Earn potential without locking up your funds.

Best of all, our business money market is a free savings account when you maintain the minimum balance.

Key Features

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Tiered Interest
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Free Digital Banking1
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Digital Check Writing




What is a Money Market Savings Account for Business?


This type of commercial savings account offers the liquidity of a checking account with the interest-bearing benefit of a savings account.

  • Your deposits are insured by the FDIC up to $250,000
  • More access to your funds than a traditional business savings account
  • ATM access and check-writing privileges

What are the Benefits of Money Market Savings for Business?

If you can maintain a higher savings balance, you should be rewarded with a higher interest rate and more flexibility. Learn more:

    • Enjoy flexibility with enhanced access to funds
    • Greater earnings than regular savings:
      • Competitive, tiered rates on entire balance
      • Higher balances earn higher rates
    • Avoid the $12 monthly maintenance fee by maintaining a minimum balance of $1,000
    • 6 electronic withdrawals allowed per month; unlimited ATM or in-person withdrawals
    • Make deposits at any time or set up direct deposit
    • Free digital banking
    • Free ATM card
    • $100 minimum deposit to open

Open a Business Money Market Savings Account

West Shore Bank has been Making a Difference Since 1898. For over a century, West Shore Bank has remained committed to helping the people and businesses in Michigan improve their financial well-being. Visit one of our nine locations in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.

Apply now to open a Business Money Market Savings Account(Opens in a new Window) and enjoy all the digital services you want with your business checking, such as digital banking and treasury management services.

1Standard text messaging and data plan rates may apply. Consult your mobile service provider for details on specific fees and charges that may apply.






FAQs

A Business Money Market Savings account combines the flexibility of a checking account with the interest benefits of a savings account. This account allows you to access your funds easily while earning competitive, tiered interest rates on your entire balance, ensuring your money works for you.

With our Business Money Market Savings account, you enjoy higher interest rates on your savings, free digital banking, and check-writing privileges. Plus, you can avoid the monthly maintenance fee by maintaining a minimum balance of just $1,000, making it a cost-effective choice for your business.

To avoid the $12 monthly maintenance fee, you simply need to maintain a minimum balance of $1,000 in your Business Money Market Savings account. This allows you to maximize your savings without extra costs.

To open a Business Money Market Savings account at West Shore Bank, you need a minimum deposit of $100. This low barrier to entry makes it easy for businesses to start saving and earning interest

Absolutely! You have access to your funds through ATM withdrawals and check-writing privileges. Additionally, you can make six electronic withdrawals each month, ensuring that you can manage your finances conveniently.

Our Business Money Market Savings account features tiered interest rates, meaning the more you save, the higher your interest rate will be. This structure rewards you for maintaining a higher balance, allowing your savings to grow more effectively.

Yes, your deposits in a Business Money Market Savings account are insured by the FDIC up to $250,000, providing you with peace of mind knowing that your funds are protected.

Setting up direct deposit into your Business Money Market Savings account is simple. Just provide your employer or payer with your account details, and they'll be able to deposit funds directly into your account, making saving easier.

If you have more questions or need assistance, our friendly team at West Shore Bank is here to help. You can visit a branch near you or contact us at (888) 295-4373 for personalized support.

West Shore Bank has been proudly serving the Michigan community since 1898. With over a century of experience, we are committed to supporting local businesses and helping our clients achieve their financial goals.












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