Business Banking

Grow your business reserves with confidence

Put idle funds to work with higher earning potential while maintaining easy access to your cash.

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Home » Business Banking » Business Money Market

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Smart ways to save

Maximize your earnings with tiered rates.

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Simple business account management

Check balances, move money, and stay in control with Online and Mobile Banking.

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Digital convenience

Enjoy mobile-friendly access and paperless eStatements whenever you need them.

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Local support you can trust

Talk to real people who are always happy to help.

Higher Balances. Higher Earning Potential.

Business Money Market Account

Earn competitive, tiered interest while maintaining convenient access to your funds. A Business Money Market Account from First Bank of the Lake is designed to reward you as your balance grows so you can make the most of your savings.
$1,000 minimum opening deposit
Competitive rates for balances below $24,999.99
Higher rates for balances of $25,000 or more
Maintain a $1,000 minimum balance to avoid the $10 monthly fee
FREE Online Banking
FREE Mobile Banking
FREE eStatements

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Grow Your Savings with a Business Money Market Account

Watch your business savings build momentum with rates that increase as your balance grows.

Rates effective as of May 13, 2026

Term	APY*	Minimum Opening Deposit
$250,000 and Above	3.25%	$1,000
$100,000 to $249,999.99	2.25%	$1,000
$50,000 to $99,999.99	1.00%	$1,000
$25,000 to $49,999.99	0.50%	$1,000
Up to $24,999.99	0.25%	$1,000

* Annual Percentage Yield (APY) is accurate as of today’s date and may change at any time after the account is opened. Fees may reduce earnings on these accounts. Additional conditions and requirements may apply. See bank for details.

Business Savings Calculator

See how your business savings can grow

Business Savings Calculator

Savings Estimate

Principal + Interest $0.00

Interest Earned for Full Term $0

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

The frequency of compounding (daily, monthly, yearly, etc.) affects how quickly your savings grows, and the more frequent the compounding, the more interest you will earn.

How to Get Started

Connect With Our Team

Book an appointment or contact our team to get started. We’ll walk you through your options and recommend the best fit for your business.

Visit Our Branch

Open your account in person. Bring a valid ID along with the required business documents. We recommend viewing the list of required documents ahead of your visit.

Fund & start saving

Make your opening deposit, set up transfers, and start putting your business funds to work right away.

Why Choose a Business Money Market Account?

A Business Money Market Account offers an ideal balance between earning potential and liquidity for your company’s funds. It’s a smart solution for businesses looking to grow excess cash faster than a traditional savings account, without sacrificing access when it’s needed.

With tiered interest rates, your account works harder as your balance increases, helping you maximize returns on higher reserves. At the same time, you maintain the flexibility to move funds as business needs arise, making it a practical choice for both short-term cash management and long-term financial planning.

Whether you’re setting aside funds for taxes, managing operating reserves, planning for capital expenses, or simply looking to make your cash work harder, a Business Money Market Account gives you the earning power and flexibility to support your business goals.

Frequently Asked Questions

1. How can a Business Money Market Account support my cash flow?

This account helps you to earn interest on excess funds while keeping them accessible for day-to-day needs. It’s a smart way to manage operating reserves, prepare for seasonal fluctuations, and cover upcoming business expenses.

2. How is a Business Money Market Account different from a business savings account?

A Business Money Market Account typically offers higher interest rates for larger balances, along with more flexibility for accessing funds. It’s a great option for businesses that maintain higher reserves and want to maximize earnings while keeping funds available.

3. What is the minimum opening deposit?

You will need an initial deposit of $1,000 to open a Business Money Market Account.

4. How do tiered rates work?

Your account balance determines your interest rate tier. As your balance grows, you earn higher rates, helping your business earn more on larger reserves.

5. What do I need to open a Business Money Market Account?

To get started, you’ll need valid ID and specific business documentation. We recommend reviewing the list of required documents ahead of your visit.

6. Is there a monthly fee?

A $10 monthly fee applies only if your balance falls below the $1,000 minimum.

7. How do I access my account?

You can access your account anytime through our free Online Banking and Mobile Banking services.

8. Can I link this account to my business checking account?

Absolutely. Many businesses link their money market account to their checking account to easily transfer funds and optimize cash management.

9. Are my deposits insured?

Yes. First Bank of the Lake is a Member FDIC institution, so your eligible business deposits are protected up to applicable limits. Learn more about FDIC coverage here.

Build your Business Savings with Confidence

You don’t have to manage your business finances alone. Our experienced team is here to help you choose the right solutions and develop a strategy that supports your cash flow, reserves, and long-term growth.

Ready to get started?

Opening a Business Money Market Account is simple. Book an appointment or contact our team to get started. We’ll walk you through the details, explain how tiered rates can benefit your business, and ensure you’re set up with Online and Mobile Banking so you can manage your funds with ease from day one.

Book an Appointment

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