Mutual Federal Bank
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Business Money Market

Business Money Market account is a variable rate savings account that allows you to write checks.
By opening this account you get a competitive rate, the safety of FDIC insurance and easy access to your funds. 

Minimum Balance to Earn APY 1 Minimum Balance to Open Interest Rate APY 2 Interest Paid
$0 - $2,499.99 $200 0.25% 0.25% Monthly
$2,500.00 - $9,999.99 $200 0.50% 0.50% Monthly
$10,000.00 - $24,999.99 $200 0.50% 0.50% Monthly
$25,000.00 and over $200 0.50% 0.50% Monthly
  • FDIC insured
  • $200 to open account and avoid monthly service fee
  • No minimum balance required to earn APY
  • Flexibility of having up to six withdrawals or transfers per month 3
  • $5 monthly service fee
  • FREE checks 4
  • FREE Online Banking
  • FREE money orders and official checks
  • FREE monthly statement with check images 

 

1 APY - Annual Percentage Yield 

2 Fees may reduce earnings. Rates accurate as of December 30, 2017. Rates subject to change at any time.

3 You may make a total of six withdrawals or transfers to another account that you maintain with us or a third party (including preauthorized, automatic, telephonic (including fax), or online transfers and withdrawals) per statement cycle.

4 Our basic money market design checks are free for the life of your account.

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