Business money market accounts
Earn higher rates of interest on higher balances when you open a new Platinum Business Money Market account.
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For ZIP
Earn money while you save money with a limited-time offer.
Open a new Platinum Business Money Market account between August 8 to September 22, 2024 and enjoy a bonus interest rate on qualifying balances.1
Apply now
Platinum business money market
Earn up to
%
bonus interest rate
Enter your ZIP code to explore money market rates in your area.
Opening an account online is easy. Start by getting rates based on your ZIP code to learn how to build your savings.
Discover how a business money market account can benefit your business.
FDIC insured4
Earn higher interest on higher account balances2
Accrue interest daily and get paid interest monthly3
Link to your U.S. Bank business checking account
Access U.S. Bank ATMs
Free U.S. Bank Internet Banking
What you’ll need to apply
Learn more about application requirements
Limited-time promotion
Get a bonus rate when you open a Platinum Business Money Market account
Pay no monthly maintenance fee if you maintain a certain daily balance amount.3
New
4.25%
BONUS interest rate
- Open a new account.
- Deposit between $25,000 to $2,999.999.99.
Apply now
Find the best money market account for your business.
Platinum Business Money Market account
Set aside excess cash while getting paid a higher interest rate.
- $100 minimum opening balance
- $15 maintenance fee per statement cycle waived with a $10,000 minimum daily balance1
- No deposit fee for first 25 deposit transactions per statement cycle and $0.25 fee for each additional
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Preferred Business Money Market account
Get the advantages of a higher level of interest without being tied to a U.S. Bank Business Checking Package account.
- $100 minimum opening balance
- $10 maintenance fee per statement cycle waived with a $1,000 minimum daily ledger balance3
- No deposit fee for first 40 deposit transactions per statement cycle and $0.50 fee for each additional
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Premium Business Money Market account
Earn higher rates of interest on higher balances. Receive an Earnings Credit when linked to a Premium Business Checking account.5
- $100 minimum opening balance
- Maintenance fee per statement cycle varies by market
- $0.25 fee for each deposited item per statement cycle
- Offset checking and transaction fees with Earnings Credit, less earned interest
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Enter your opening deposit amount and business money market account type and click Calculate to see how much you can earn.
The rates referenced in this calculator and in the rate table are effective oncurrentdate for ZIP code currentZipCode. (Edit ZIP code)
Compare today’s rates.
Need help deciding which money market account is right for your business? Select an account type below to view today’s rates for your location.
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Open a business money market account.
Have these documents ready:
1. Your business’ Employer Identification Number (EIN) or tax ID number (sole proprietors can use the owner’s Social Security number)
2. Articles of Incorporation, Articles of Organization, or a charter or a similar legal document that indicates when your company was formed (not required for sole proprietors)
3. Government-issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your organization
Apply now
Make an appointment
Looking for more ways to boost your business savings?
U.S. Bank CDs are an excellent low risk investment option if you’re able to devote funds for longer periods of time.
Learn more about Business Certificates of Deposit
Explore helpful resources.
Cash management and investing strategies when interest rates are up
Read more
How to choose the right business savings account
Read more
How to choose the right business checking account
Read more
Get answers to common savings account questions.
With a money market account, you earn interest on the money deposited into the account, just like a savings account. When opening the account, a minimum deposit is typically required, and a fee may be charged if the balance falls below a certain threshold.3
Most money market accounts have a variable interest rate that fluctuates over time as market conditions change. It’s also common for these accounts to have tiered rates, meaning higher balances are rewarded with a higher APY.2
Yes, money market accounts allow you to safely store your funds while earning interest. The money in the account is FDIC-insured.
Money market accounts give you access to your money whenever you need it and have a variable interest rate. CDs require you to leave your money untouched for an agreed upon time, known as the term length, and usually have a fixed rate
Prefer to talk with a banker?
Start of disclosure content
Footnote
Return to content, Footnote
Disclosures
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Standard variable interest rates are subject to change at the bank’s discretion and may change at any time without notice. You must maintain the minimum balance needed for each tier to earn the interest rate. Interest will be compounded daily and credited to your account monthly at the end of the statement cycle. Fees could reduce earnings on the account. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100. Other restrictions may apply.
Starting August 8, 2024, through September 22, 2024, open a new U.S. Bank Platinum Business Money Market account and receive a bonus interest rate from the account opening date. The bonus interest rate will be 4.25% when your account balance tier is $25,000 to $2,999,999.99. If the account balance falls below $25,000 or goes above $2,999,999.99, the full account balance will earn the standard variable interest rate in effect at the time until the account balance is between $25,000 to $2,999,999.99 again. Bonus interest rates may change at any time without notice.
For Platinum Business Money Market accounts with $3 million or greater in balances, the bonus interest rate does not apply, and the full account balance will earn the standard variable interest rate in effect at that time.
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You must maintain the minimum balance needed for each tier in order to earn the Annual Percentage Yield (APY) disclosed. All rates and APYs are subject to change after the account is opened. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank's discretion and may change daily. We use the daily balance method to calculate interest on all deposit accounts. This method applies a daily periodic rate to the principal in the account each day. Interest on your check deposit begins to accrue on the business day we receive credit for your applicable deposit accounts. Interest will be compounded daily and credited to your account monthly for all savings accounts, except Standard Savings, which is paid quarterly. If you close your account before interest is credited you will not receive the accrued interest.
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The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current business day debits. Business days are Monday through Friday; federal holidays are not included. For additional information call 855-955-2760 or visit your local branch for a copy of Business Pricing Disclosure or visit https://www.usbank.com/dam/documents/pdf/Deposit-Account-Agreement.pdf to view Your Deposit Account Agreement (YDAA).
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FDIC insured to the maximum allowed by law.
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Earnings Credit Rates may change at any time without prior notice. Earnings Credit: Average Collected Balance Available for Earnings Credit Services (x) Earnings Credit Rate (x) Actual Days in Month (÷) Actual Days in Year. Refer to your Customer Analysis Statement for your current Earnings Credit Rate. For additional information call 855-955-2760 or visit your local branch to talk with a Business Banker.
Start of disclosure content
Additional savings and money market disclosures – The average collected balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Unlike checking accounts, checks written on money market accounts are not returned with your statement. For additional disclosures on rates, fees, compounding and crediting, and other balance information, call 855-955-2760 or visit your local branch.
APY (annual percentage yield) refers to how much money you earn on a deposit over a year, taking into account compounding interest.
Deposit products are offered by U.S. Bank National Association. Member FDIC.
See the U.S. Bank Your Deposit Account Agreement booklet for additional disclosures applicable to deposit accounts. Other conditions and restrictions may apply. Terms may change without notice. For the most current information about packages and benefits available, contact your banker.
