Business Money Market Accounts

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Business Money Market Accounts put profits to work

Money Markets pay higher rates while giving your business fast access to funds

Earn higher yields
Money Markets take it up a notch compared to most standard business savings accounts.
Leverage tiered rating systems
Larger balances can earn even higher returns.
Keep your assets liquid
There's no minimum savings period. Access funds anytime with digital banking tools and at bank locations.
Totally safe
Gain peace of mind with this low-risk savings option.

Add to your bottom line while maintaining financial flexibility

Smart businesses look beyond day-to-day finances and plan for tomorrow. A Money Market Account is a safe way to grow cash reserves needed to cover future expenses, major purchases and big-picture initiatives. With a Carter Bank Business Money Market Account, you can count on higher earnings without tying up funds for months or years at a time, putting you in prime position to make the right move at the right time.

  • No annual fee on active accounts
  • $100 minimum opening deposit
  • Saves time with easy online account opening for most accounts and online account management
  • Tiered interest rate based on your balance, starting at $2,500¹
  • Unlimited in-person withdrawals and transfers
  • Overdraft Transfer available
  • Wire Transfer Service available

FAQs

You can open a Business Money Market account with $100. It features tiered interest rates, with higher balances earning more.
Interest is compounded daily and credited monthly. You have unlimited in-person withdrawals and transfers, plus access to online banking, wire service, and overdraft transfer.
If your balance drops below the minimum or transaction limits are exceeded, a service applies.
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Related Resources

Check out our handy financial tools and resources.

Your Security, Our Priority
Learn how Carter Bank protects your accounts and what you can do to stay safe online.

Watch your savings grow.

View All Rates
Premium Money Market Account
1.67%
APY2
7 Month CD
3.23%
APY2

Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings. Rate may change after account opening.

¹ $2,500 minimum balance to avoid fees. 30 day grace period to get to minimum balance.

2 APY = Annual Percentage Yield.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.

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