Rewarding
You’re looking to earn more interest than traditional savings accounts typically offer.
Money Market Savings Account | Money Market Funds - Santander
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
Business Money Market Savings Account Monthly Fees
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
• Also have an eligible Santander business checking account with the same ownership1
Is a Business Money Market Savings Account right for your business?
Growth Potential
You want your idle cash to work hard for you.
Accessible
You’d like the option to occasionally access your money.
Benefits of a Business Money Market Savings Account
Protection
Use your account as overdraft protection for your business checking account.
Earnings
Receive a competitive interest rate on your excess cash.
Accessibility
Six transfers and withdrawals each month without a fee.2
Additional Accounts
Discover additional services that may benefit your business.
Merchant Services
Provide your customers convenient and secure payment methods — in store or online.
◊◊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 you open a new Santander Business Money Market Savings account within the residential ZIP code entered and maintain a minimum balance of $50,000. Rates in other locations may vary. 0.05% APY applies for balances of $0.01 - $49,999.99 and also may change at any time without notice. A minimum deposit of $50 is required to open a Santander Business Money Market Savings account. Fees may reduce earnings. 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.
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