Take your business savings to the next level with the Business Premium Money Market account at FVSBank. Designed exclusively for businesses that value growth and flexibility, this account offers competitive interest rates to help you maximize your earnings while maintaining easy access to your funds.
Supporting local businesses since 1934, we are a full-service bank offering business checking accounts and other business services in Fond du Lac, Oshkosh, Waupun, and the Fox Valley area.
Best For
- Established business with surplus cash
- Growing businesses
- Businesses with seasonal or variable cash flow
- Businesses seeking safety and security
- Businesses looking for flexible access to funds
- Businesses prioritizing financial health
Account Features
- Unlimited withdrawals (including check writing)
- Minimum opening deposit of $50,000
- Tiered interest rate
- $25 monthly maintenance fee may be waived with $50,000 average daily balance
- $5 paper statement fee waived with digital statements
Benefits of Business Premium Money Market
- FDIC insured
- Competitive earnings
- Tiered interest rates
- Liquidity
- Safety & security
- FVSBank Digital Banking
- Unlimited withdrawals
- Your Employer Identifcation Number (EIN) or Tax ID number
2. Articles of Incorporation, Articles of Organization, or a charter or a simliar 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
Business Premium Money Market FAQ
What is a Business Premium Money Market?
A Business Premium Money Market is a type of account designed for businesses, offering higher interest rates and easy access to funds through withdrawals and check-writing.
How do Business Premium Money Markets differ from regular business savings?
Business Premium Money Market accounts generally offer higher interest rates and provide additional access options, such as check-writing, which is not typically available with regular business savings accounts.
What are the benefits of a Business Premium Money Market?
Benefits include higher interest rates, FDIC insurance, liquidity and easy access to funds, online and mobile banking, and monthly statements to track account activity.
Are Business Premium Money Market accounts insured?
Yes, all deposits owned by a corporation, partnership, or unincorporated association at the same bank are combined and insured up to $250,000.
Can I use a Business Premium Money Market account for daily transactions?
These accounts are not designed for daily transactions. They are better suited for managing surplus cash reserves and earning interest while keeping funds accessible for occasional, larger expenses.
Are there fees associated with the FVSBank Business Premium Money Market account?
A monthly maintenance fee of $25 can be waived with a $50,000 average daily balance. A $5 paper statement fee can be waived with enrollment in FVSBank Digital Statements.
How often can I withdrawal funds from a Business Premium Money Market account?
There is no limit for withdrawals from your FVSBank Business Premium Money Market.
Can I link a Business Premium Money Market account to other business accounts?
Yes, you can link an FVSBank Business Premium Money Market to other FVSBank business accounts, such as checking or savings accounts, to facilitate transfers and better manage your finances.
What is the difference between an FVSBank Business Premium Money Market account and a Business Money Market fund?
An FVSBank Business Premium Money Market account is a type of savings account, while a Business Money Market fund is an investment product. Money market funds invest in short-term, low-risk securities and are not FDIC-insured.