Business Money Market Account
A Business Money Market account from Frost lets you readily access cash while earning interest. It features:
- ability to earn interest based on tiered amounts
- unlimited lobby and Frost ATM withdrawals**
- six free check withdrawals per statement cycle
Fees
- $12 monthly service charge
- waived with a $2,500 minimum daily balance
Business Money Market account schedule of fees
Additional Features
- free imaged checks
- make free transfers in My Frost to and from your checking account
- use as overdraft protection for your checking account, fee applies
Minimum Balances & Interest Rates
Fees could reduce the earnings on the account. The interest rate and annual percentage yield may change at any time at our discretion.
| Balance | Annual Percentage Yield (APY) |
|---|---|
| $0.00 - $24,999.99 | 0.26% |
| $25,000.00 - $49,999.99 | 0.27% |
| $50,000.00 - $99,999.99 | 0.30% |
| $100,000.00 - $249,999.99 | 0.35% |
| $250,000.00 - $999,999.99 | 0.45% |
| $1,000,000.00 - $2,499,999.99 | 0.45% |
| $2,500,000.00 and Over | 0.45% |
Annual Percentage Yield effective as of 04/23/2018. Fees could reduce the earnings on the account. The interest rate and annual percentage yield may change at any time at our discretion.
Opening Your Account
To open a Business Money Market account, call (866) 376-7889 or stop by your local Frost financial center and bring:
- your company’s Tax ID number (or your Social Security number if Sole Proprietorship)
- your business entity documents
- each account signer’s name and personal information (government issued photo ID such as Driver’s License, State ID or U.S. Military ID, Social Security number, and address and job title)
- the physical address of the principal place of business
- minimum $50 opening deposit
You may also need to bring:
- state certificate filings
- entity meeting minutes authorizing signers
Documentation may vary depending on your type of business. For specific information, please call (866) 376-7889.