Business Money Market & Savings Accounts


Your banking should be both easy and rewarding. That's why Mechanics' business money market accounts are simple to use, with straightforward rates that are always the very best we can offer. Each of our accounts works with automated transfers from our business checking accounts for even easier ways to maximize your finances.
 
Features Business Money Market Premier Business Money Market Business on the Move Savings
Product Description Our Business Money Market account offers businesses one high yielding variable rate of interest.  Our Premier Business Money Market account offers tiered interest rates for businesses looking to maximize their short-term investments. The interest rate is variable and can change at any time. Our Business on the Move Savings offers a simple way to save for small businesses operating under a Social Security Number. The interest rate is variable and can change at any time.
How Does It Work?
  • All business types are eligible
  • Minimum of $50 to open
  • Up to six (6) electronic withdrawals* per calendar month from this account
  • $15 monthly service charge
  •  All business types are eligible
  • Minimum of $25 to open
  • Up to six (6) electronic withdrawals* per calendar month from this account
  • No monthly service charge
  •  Available for businesses operating under a Social Security Number
  • Minimum of $25 to open
  • Up to six (6) electronic withdrawals* per calendar month from this account
  • No monthly service charge
Benefits One high interest rate applies to all balances; there are no tiered rates. Tiered Interest Rate.
See Current Rates
Tiered interest rate.
See Current Rates

Contact My Banker to learn more about making the most of your money with any of our business money market options.
 


High Yield and Liquidity Account

Business Money Market

You earn our very best money market rate regardless of the balances you maintain. This is a perfect alternative to a certificate of deposit providing high yield plus liquidity. Interest is compounded daily and varies with general market conditions.
  • One rate on your entire deposit balance
  • $15 monthly service charge
  • Unlimited deposits and in-person withdrawals. Up to six electronic withdrawals* per month.
  • Works well with pre-authorized transfers from all Mechanics Savings Bank business checking accounts - for an easy, systematic way to maximize your savings
 

No Minimum Balance Account

Premier Business Money Market

Our Premier account is designed for businesses looking to maximize their short term investments with a tiered variable interest rate and no minimum required balance. Interest is compounded daily and varies with general market conditions.
  • Tiered interest rate - -the more you keep on deposit the more your earn
  • No monthly service charge
  • Unlimited deposits and in-person withdrawals. Up to six electronic withdrawals* per month.
  • Works well with pre-authorized transfers from all Mechanics Savings Bank business checking accounts - for an easy, systematic way to maximize your savings


Simple Savings for Small Business

Business on the Move Savings

Whether you're saving for a specific business investment or looking to create a rainy day fund, our Business on the Move Savings account is designed to provide a simple way for small businesses to save. Available to businesses operating under a Social Security Number, this account offers a tiered interest rate to maximize your savings.
  • Tiered interest rate
  • No monthly service charge
  • Unlimited deposits and in-person withdrawals. Up to six electronic withdrawals* per month.
  • Works well with pre-authorized transfers from all Mechanics Savings Bank business checking accounts - for an easy, systematic way to maximize your savings

*Electronic withdrawals include: checks, Automated Clearing House (ACH)/Point of Sale(POS) debits, phone transfers, online banking transfers that cover overdrafts, and pre-authorized transfers.


Added Convenience. Better Money Management.

Each of our money market accounts can include all the following services to help you access your money easier, and manage it better at no additional charge:


Your Bankers


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