Business High Yield Money Market Accounts
Frost offers an interest-bearing business money market account that lets you readily access cash.
Higher Interest Rates than other Banks
|
Frost
Annual Percentage Yield (APY)
|
Bank of America
Annual Percentage Yield (APY)
|
Chase
Annual Percentage Yield (APY)
|
Wells Fargo
Annual Percentage Yield (APY)
|
|
|---|---|---|---|---|
| $1.00 - $24,999.99 |
0.30%
|
0.05%
|
0.04%
|
0.05%
|
| $25,000.00 - $49,999.99 |
0.35%
|
0.06%
|
0.06%
|
0.06%
|
| $50,000.00 - $99,999.99 |
0.40%
|
0.07%
|
0.07%
|
0.06%
|
| $100,000.00 - $249,999.99 |
0.65%
|
0.08%
|
0.10%
|
0.06%
|
| $250,000.00 - $999,999.99 |
0.75%
|
0.08%
|
0.11%
|
0.06%
|
| $1,000,000.00 - $2,499,999.99 |
0.75%
|
0.08%
|
0.11%
|
0.06%
|
| $2,500,000.00 and Over |
0.75%
|
0.08%
|
0.11%
|
0.06%
|
The interest rate and APY may change at any time at our discretion.
Data for Frost Bank provided by Frost Bank
Frost Annual Percentage Yield effective as of 04/25/2018. Fees could reduce the earnings on the account.
Data for Bank of America, Chase, and Wells Fargo provided by:
Information effective 04/18/2018
Frost’s Business High Yield Money Market account offers the liquidity and advantages of our Business Money Market account, while earning a higher rate of interest. It features:
- ability to use balances to waive monthly service charges for your checking account
- unlimited lobby and Frost ATM withdrawals**
- six free check withdrawals per statement cycle
- free imaged checks
- make free transfers in Frost Online Banking to and from your checking account
- can be used as overdraft protection for your checking account
To open a Business High Yield 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.
Fees
- $25 monthly service charge
- waived with a $25,000 minimum daily balance or $50,000 combined business and personal average daily balances
Business High Yield Money Market account schedule of fees
Talk to a Frost Banker
Monday - Friday 8 a.m - 7 p.m.
Saturday 9 a.m. to 2 p.m
(866) 376-7889