Business Money Market Account
Earn more with your funds.
Unlike certificates of deposit, our business money market accounts allow for fund access1 while accruing interest. You have easy access to your cash when you need to make a withdrawal at a Flagstar branch or ATM, write a check, or make an online transfer. Plus, with tiered rates based on your account balance, your interest rate will increase as your balance grows.
KEY ACCOUNT FEATURES:
- Minimum opening deposit $50
- Write up to six checks per month1
- Access to Business online banking
- Visa® debit/ATM card2
- Free access to a network of over 55,000 Allpoint ATMs worldwide3
- 24-Voice Phone Banking at (888) 248-6423 that allows you to transfer funds, monitor balances, track recent transactions, and make stop payments
- FDIC-insured account4
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1Transaction Limitations—An unlimited number of deposits or withdrawals are permitted in person, by mail, or ATM to the extent that these services are available with your account. By federal regulation, not more than six preauthorized, automatic, online, or telephone transfers or withdrawals or check or debit (also known as point of sale [POS]) withdrawals are permitted per calendar month. If you go over these limits, we may either charge your account, close your account, or end your right to withdraw or transfer money from your account by telephone or online transfer, check, debit card, automatic withdrawal, or transfers, and preauthorized withdrawal. We may also refuse to permit withdrawals or transfers that go over these limits and may charge you for requesting such withdrawals or transfers.
Fees—An excess preauthorized withdrawal fee of $10 may be charged for each preauthorized, automatic, online, or telephone transfer or withdrawal or check or POS withdrawal in excess of six during a calendar month.
2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
3Currency conversion fee may apply to transactions outside the U.S.
4FDIC insurance is up to the amount permitted by law.