Business Money Market Account
Earn more with higher interest rates than the big banks. And still easily access cash.
Earn more with higher interest rates than the big banks. And still easily access cash.
Our Business Money Market Account is centered around helping you earn more and access cash when you need it. And because we’re committed to helping our customers grow and prosper, we’re always looking to raise our rates. See how we stack up against the big banks below.
|
Frost
Annual Percentage Yield
Annual Percentage Yield
|
Bank of America
Annual Percentage Yield
Annual Percentage Yield
|
Chase
Annual Percentage Yield
Annual Percentage Yield
|
Wells Fargo
Annual Percentage Yield
Annual Percentage Yield
|
|
|---|---|---|---|---|
$1.00 - $24,999.99 |
0.54%
|
0.01%
|
0.01%
|
0.01%
|
$25,000.00 - $49,999.99 |
0.54%
|
0.01%
|
0.01%
|
0.01%
|
$50,000.00 - $99,999.99 |
0.59%
|
0.01%
|
0.01%
|
0.01%
|
$100,000.00 - $249,999.99 |
0.95%
|
0.01%
|
0.01%
|
0.01%
|
$250,000.00 - $999,999.99 |
0.95%
|
0.01%
|
0.01%
|
0.01%
|
$1,000,000.00 - $2,499,999.99 |
1.25%
|
0.01%
|
0.01%
|
0.01%
|
$2,500,000.00 and Over |
1.25%
|
0.01%
|
0.01%
|
0.01%
|
The interest rate and Annual Percentage Yield may change at any time at our discretion. Data for Frost Bank provided by Frost Bank
Frost Annual Percentage Yield effective as of 10/01/2022. Fees could reduce the earnings on the account.
Data for Bank of America, Chase, and Wells Fargo provided by:
Information effective 09/28/2022
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, plus Social Security number, 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.
Account Details
- Earn interest based on tiered amounts
- Six free withdrawals of any kind per statement cycle; $5 excess withdrawal fee after six withdrawals of any kind, with a maximum of 10 excess withdrawal fees for a total of $50 per monthly statement cycle
- Free imaged checks
- No monthly service charge when you maintain a $2,500 minimum daily balance, otherwise $12 monthly service charge
Unfortunately, we can’t open this type of account online, but give us a call or stop by a Frost financial center and we’ll help get you set up.
Unfortunately, we can’t open this type of account online, but give us a call or stop by a Frost financial center and we’ll help get you set up.