Business Savings & Money Market

Grow your business reserves with competitive interest rates and flexible access. From basic savings to premium money market accounts, we have the right solution for your cash management needs.

4.75% Highest APY
4 Account Options
$0 Monthly Fees Possible
Business Savings & Money Market

Choose Your Savings Solution

Compare our business savings and money market accounts to find the perfect fit for your company's cash management strategy.

BASIC SAVINGS

Business Savings

1.25% APY
  • $100 minimum opening deposit
  • No monthly fee with $500 balance
  • 6 withdrawals per statement
  • Online transfers available
  • Ideal for operating reserves
Open Account
MONEY MARKET

Business Money Market

3.25% APY*
  • $2,500 minimum opening deposit
  • Tiered interest rates
  • Check writing privileges
  • Optional debit card access
  • Higher rates on larger balances
Open Account
PREMIUM

Money Market Plus

4.25% APY*
  • $10,000 minimum opening deposit
  • Premium tiered rates
  • Unlimited check writing
  • Business debit card included
  • Relationship rate bonus
Open Account
CERTIFICATES

Business CDs

4.75% APY*
  • $1,000 minimum deposit
  • Terms from 3-60 months
  • Fixed rate guaranteed
  • Bump-up options available
  • IRA CDs available
Open Account

* APY = Annual Percentage Yield. Rates subject to change. Fees may reduce earnings.

Detailed Rate Information

Business Savings

1.25%
APY on all balances
Any balance 1.25%

Minimum Opening: $100

Monthly Fee: $5 (waived with $500 balance)

Withdrawals: 6 per statement

Money Market

3.25%
Average APY
$2,500 - $24,999 3.00%
$25,000 - $99,999 3.25%
$100,000 - $249,999 3.50%
$250,000+ 3.75%

Minimum Opening: $2,500

Monthly Fee: $10 (waived with $2,500 balance)

Check Writing: 6 per month

Money Market Plus

4.25%
Average APY
$10,000 - $49,999 4.00%
$50,000 - $99,999 4.25%
$100,000 - $249,999 4.50%
$250,000+ 4.75%

Minimum Opening: $10,000

Monthly Fee: $15 (waived with $10,000 balance)

Unlimited Check Writing

Certificate of Deposit

4.75%
12-month APY
3 months 4.25%
6 months 4.50%
12 months 4.75%
24 months 4.85%
36 months 4.90%

Minimum Deposit: $1,000

No monthly fees

Fixed rate for entire term

New Account Bonus

Open a Money Market Plus account with $25,000+ and receive a $250 cash bonus.1

Compare All Options

Features Business Savings Money Market Money Market Plus CD (12-month)
Minimum Opening Deposit $100 $2,500 $10,000 $1,000
Interest Rate (APY) 1.25% flat 3.00% - 3.75% tiered 4.00% - 4.75% tiered 4.75% fixed
Monthly Fee $5 (waived with $500) $10 (waived with $2,500) $15 (waived with $10,000) $0
Check Writing 6 per month Unlimited
Debit Card Access Optional Included
Monthly Withdrawals 6 per month 6 per month 6 per month Penalty applies
Online Banking
FDIC Insured

Detailed Product Information

Business Savings Account - Complete Details

Our Business Savings account is designed for companies that want a simple, accessible place to hold operating reserves and short-term savings.

Key Features:

  • Interest Rate: 1.25% APY on all balances
  • Minimum Opening Deposit: $100
  • Monthly Fee: $5 (waived with $500 minimum daily balance)
  • Withdrawals: 6 per monthly statement cycle (Regulation D limits)
  • Access: Online transfers, mobile banking, branch access
  • FDIC Insurance: Up to $250,000

Ideal For:

  • Emergency funds and operating reserves
  • Tax payment savings
  • Short-term goal funding
  • Businesses just starting to build savings
Business Money Market Account - Complete Details

Money Market accounts combine higher earning potential with check-writing flexibility. Perfect for businesses with larger balances that want both yield and access.

Tiered Interest Rates:

  • $2,500 - $24,999: 3.00% APY
  • $25,000 - $99,999: 3.25% APY
  • $100,000 - $249,999: 3.50% APY
  • $250,000+: 3.75% APY

Features:

  • Minimum Opening Deposit: $2,500
  • Monthly Fee: $10 (waived with $2,500 minimum daily balance)
  • Check Writing: 6 items per month included
  • Debit Card: Optional access available
  • Withdrawals: 6 per month (Regulation D limits)
Money Market Plus Account - Complete Details

Our premium money market account for established businesses with significant balances. Enhanced rates and premium features.

Premium Tiered Rates:

  • $10,000 - $49,999: 4.00% APY
  • $50,000 - $99,999: 4.25% APY
  • $100,000 - $249,999: 4.50% APY
  • $250,000+: 4.75% APY

Features:

  • Minimum Opening Deposit: $10,000
  • Monthly Fee: $15 (waived with $10,000 minimum daily balance)
  • Check Writing: Unlimited check writing
  • Debit Card: Business debit card included
  • Relationship Bonus: Additional 0.25% APY when paired with Business Checking
Business Certificate of Deposit (CD) - Complete Details

Certificates of Deposit offer guaranteed returns with fixed interest rates for a specified term. Ideal for funds you won't need immediate access to.

Available Terms & Rates:

  • 3 months: 4.25% APY
  • 6 months: 4.50% APY
  • 12 months: 4.75% APY
  • 24 months: 4.85% APY
  • 36 months: 4.90% APY
  • 48 months: 4.80% APY
  • 60 months: 4.70% APY

Features:

  • Minimum Deposit: $1,000
  • No monthly fees
  • Fixed rate guaranteed for entire term
  • Interest compounded daily, credited monthly
  • 10-day grace period after maturity
  • Bump-up option available on select terms

Early Withdrawal Penalties:

  • Terms up to 12 months: 90 days interest
  • Terms 12-36 months: 180 days interest
  • Terms 37-60 months: 270 days interest

Why Choose Ashmore Trust

FDIC Insured

Your deposits are insured up to $250,000, with options for additional coverage.

Competitive Rates

We consistently offer rates that rank among the best for business accounts.

24/7 Access

Manage your savings anytime with business online and mobile banking.

Relationship Pricing

Earn bonus rates when you combine accounts with your business checking.

Frequently Asked Questions

What's the difference between Business Savings and Money Market?

Business Savings offers a straightforward savings account with lower minimums, ideal for smaller balances and everyday savings needs. Money Market accounts typically offer higher tiered interest rates but require higher minimum balances and include check-writing privileges. Money Market Plus adds premium rates and additional features for larger balances.

How many withdrawals can I make from savings?

Federal Regulation D limits certain types of withdrawals and transfers from savings and money market accounts to six per monthly statement cycle. These include online transfers, automatic transfers, and telephone transfers. In-person withdrawals and ATM transactions are unlimited. If you need more frequent access, consider our Business Checking accounts.

Can I link my savings to my checking for overdraft protection?

Absolutely! You can link any of our business savings or money market accounts to your business checking for automatic overdraft protection. Transfers are free and help you avoid overdraft fees. This also counts toward your relationship bonus eligibility.

Are business deposits insured beyond $250,000?

Yes! Through our CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep) programs, we can help businesses with deposits exceeding $250,000 access multi-million dollar FDIC insurance coverage. Ask your relationship manager about these options for larger cash balances.

What documents do I need to open a business savings account?

You'll need your business formation documents (Articles of Incorporation/Organization), EIN verification letter from the IRS, business license, and personal identification for all owners with 25% or more ownership. For sole proprietors, a DBA certificate and Social Security number may be accepted.

Ready to Grow Your Business Savings?

Open an account online or speak with a business banking specialist to find the right solution for your company.

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1 Cash bonus offer: Available on new Money Market Plus accounts opened with $25,000 or more. Bonus credited within 60 days. Offer not valid with other promotions. Limit one per business.

APY = Annual Percentage Yield. Rates effective as of February 2026 and subject to change. Fees may reduce earnings. See account disclosures for complete terms and conditions.

Member FDIC. Equal Housing Lender.