Take advantage of higher savings interest rates for your business.
Interest rates continue to rise, and we keep working quickly to pass those rates on to all business savings accounts.
business savings options / business high yield money market account
Frost High Yield Money Market Account
With our Business High Yield Money Market account, you get the liquidity and advantages of our Business Money Market account while earning a higher rate of interest than the big banks offer. That means you get to enjoy a greater return that lets your business grow — which is exactly what we're here to help with.
Let's get startedmonthly service charge
monthly service charge
when you meet any one of the following:
- Maintain $25,000 minimum daily balance in this account
- OR $50,000 combined average daily balances* of personal and business deposit accounts
*The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Enjoy higher interest rates with Frost
With our Business High Yield Money Market account, you get the liquidity and advantages of our Business Money Market account while earning a higher rate of interest than the big banks offer. See how we stack up against the big banks.
|
Frost
Annual Percentage Yield (APY)
|
Bank of America
Annual Percentage Yield (APY)
|
Chase
Annual Percentage Yield (APY)
|
Wells Fargo
Annual Percentage Yield (APY)
|
|
|---|---|---|---|---|
$0.00 - $24,999.99 |
2.15%
|
0.04%
|
0.02%
|
0.25%
|
$25,000 - $49,999.99 |
2.15%
|
0.04%
|
0.02%
|
0.25%
|
$50,000 - $99,999.99 |
2.20%
|
0.04%
|
0.02%
|
0.25%
|
$100,000 - $249,999.99 |
2.30%
|
0.04%
|
0.02%
|
1.01%
|
$250,000 - $999,999.99 |
2.47%
|
0.04%
|
0.02%
|
1.01%
|
$1,000,000 - $2,499,999.99 |
3.25%
|
0.04%
|
0.02%
|
2.50%
|
$2,500,000 - $9,999,999.99 |
3.40%
|
0.04%
|
0.02%
|
2.50%
|
$10,000,000 - $19,999,999.99 |
3.55%
|
0.04%
|
0.02%
|
2.50%
|
$20,000,000 and Over |
3.75%
|
0.04%
|
0.02%
|
2.50%
|
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 12/03/2023. Fees could reduce the earnings on the account.
Data for Bank of America, Chase, and Wells Fargo provided by:
Information effective 11/29/2023
Business High Yield Money Market account additional features
- Get all the features of the Frost Business Money Market Account, with a higher interest rate 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
- Available to Business Checking, Business Checking Plus and Analyzed Checking customers
- Free imaged checks
Opening Your Account
To open a Business Savings account, call (866) 376-7889 or stop by your local Frost financial center and bring:
Tax ID Number or SSN if Sole Proprietorship
Company’s Tax ID number (or Social Security number if Sole Proprietorship)
Business Entity Documents
Certificate of Formation, Certificate of Filing, Company Operating Agreement
Government-Issued Photo ID
This can be a driver’s license, state ID or U.S military ID for each account signer
Business Information
Business physical address
Minimum Opening Deposit
You’ll need to make an initial deposit of $50 or more
You may also need to bring state certificate filings, Entity meeting minutes authorizing signers.
Documentation may vary depending on your type of business.
Experience the Frost difference
At our core, we're just people helping people.
We're passionate about supporting your financial goals, keeping your money accessible, and offering help when you need it.
Real human support
Here for you all day. And all night. Don’t let your financial questions or concerns make you lose sleep. Give us a call 24/7 at (866) 376-7889.
Easy access to your money
Enjoy fee-free ATM withdrawals at H-E-B and Circle K locations statewide, plus CVS and Walgreens stores in Dallas and Tarrant County.
Providing peace of mind
Our technology and security tools like freezing your card in the app or customizing debit card alerts are designed to help you feel more in control of your own money.
