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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”.
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Current Rates
| Money Market Plus |
| Type |
Rate |
APY |
Interest Compounded |
| Balance Less than $10,000 |
0.50% |
0.50% |
Daily |
| Balance $10,000 to $24,999.99 |
0.75% |
0.75% |
Daily |
| Balance $25,000 to $49,999.99 |
1.00% |
1.00% |
Daily |
| Balance $50,000 to $99,999.99 |
1.24% |
1.25% |
Daily |
| Balance $100,000 to $499,999.99 |
1.49% |
1.50% |
Daily |
| Balance $500,000 or more |
1.73% |
1.75% |
Daily |
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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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Money Market Account Rates: The Annual Percentage Yields (APY) and Interest Rates may change at any time without prior notice, including after account opening. APYs shown apply to only individual and joint consumer accounts. Fees could reduce earnings on the account. See Application Disclosure for details. It is the reader's responsibility to confirm or verify any rates with the Bank by contacting the Customer Service Center at 800-321-0032, or online at www.mbandt.com by completing and submitting the Contact Us form which may be accessed from any website page. |
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