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Business Money Market Savings Account

You work hard.
So should your cash.

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Interest Rate♢♢

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Annual Percentage Yield♢♢

For new Santander Business Money Market Savings accounts with a $0.01 to $4,999,999.99 balance.

Your ZIP is:
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Business Money Market Savings Account

Want a simple way to put your business capital to work? Take advantage of a Business Money Market Savings account. You’ll earn an attractive interest rate, plus you can always access your funds when you need them.

 

Useful Links and Documents
Business Deposit Account Fee Schedule
Business Deposit Account Agreement

 

Waive the $10 Monthly Fee on your Business Money Market Savings Account if you do either of the following:
• Maintain a $1,000 average daily balance in your account during the service fee period
• Also have an eligible Santander business checking account with the same ownership1
Rewarding
Rewarding

You’re looking to earn more interest than traditional savings accounts typically offer.

Growth Potential
Growth Potential
You want your idle cash to work hard for you.
Accessible
Accessible
You’d like the option to occasionally access your money.
Protection
Protection
Use your account as overdraft protection for your business checking account.
Earnings
Earnings
Receive a competitive interest rate on your excess cash.
Accessibility
Accessibility
Six transfers and withdrawals each month without a fee.2

Additional Accounts


Discover additional services that may benefit your business.

Lending Options

Lending Options

We make it easy to borrow the funds you need to fuel your growth.

Learn More

 

Merchant Services

Merchant Services

Provide your customers convenient and secure payment methods — in store or online.

Learn More

 

Payments and Processing

Payments and Processing

Tools to help optimize your cash flow and safeguard against fraud.

Learn More

◊◊Rates are available for new money market customers only. This is a variable-rate account and the rate applicable to your balance tier may change at any time without notice.  The Annual Percentage Yield (APY) shown is in effect as of today and may change thereafter for new accounts. Rate is available when account is opened or located in a Santander location within the ZIP code entered. If ZIP code entered is not located in CT, DE, MA, NH, NJ, NY, PA, RI, or select areas in Florida: Miami-Dade, Monroe, Broward counties, and Collier county ZIP Code 34141, rates shown may not be available. Rates in other locations may vary. 0.10% APY applies for balances greater than $4,999,999.99 and also may change at any time without notice.  Fees may reduce earnings. A minimum deposit of $50 is required to open a Santander Business Money Market Savings account. The Santander Business Money Market Savings account Monthly Fee ($10) is waived when you have an eligible Santander business checking account or have an average daily balance of at least $1,000 in the Money Market Savings Account. All other fees apply. For more information about applicable fees and terms and about current rates, refer to the Business Deposit Account Fee Schedule and visit your local branch.

1The Monthly Fee is waived if you have an eligible business checking account (e.g., Basic Business Checking, Business Checking, Business Checking Plus, Business Interest Checking) owned by the same business entity owner of the money market account. All other fees apply. Contact a banker or refer to the Business Deposit Account Fee Schedule for further information about applicable fees and terms.

2You can withdraw or transfer funds from a savings or money market savings account a total of six (6) times per Service Fee Period (such as by automatic or pre-authorized transfers using telephone banking, online banking, mobile banking, overdraft protection, payments to third parties, wire transfers, checks, and drafts). If you repeatedly exceed these limits, we may close your account or convert it to another type of account that does not limit withdrawals, and it may be an account that pays less or no interest. If we elect to close or convert your account we will notify you.