Business Money Market Savings account
Earn more on what you save, thanks to an attractive interest rate. Plus, enjoy the flexibility to access your funds when you need them.
Account features & benefits
Earnings
Receive a competitive interest rate on your excess cash.
Protection
Use the account as overdraft protection for your business checking account.
Accessibility
Make up to six electronic transfers and withdrawals each service fee period.2
Waived Monthly Fee
Waive the $10 Monthly Fee with an eligible Santander Business Checking account with the same ownership, or if you maintain a $1,000 average daily balance in your Business Money Market Savings account during the service fee period.1
All the ways we help you bank better
The flexibility you need to do business while you're busy
Deposit with Mobile Check Deposit
Open the Business Mobile Banking App3, sign the back of your check, take a picture of it, and your deposit is a go.
Access your digital banking tools
Make deposits or ACH payments, transfer funds, check balances, set different access levels for employees, and more.
Customized alert
Enable alerts on account deposit(s), debit(s), low balance, incoming and outgoing wire payments, and more. Refine alert settings to your preferences.
FAQs: Business Money Market Savings
Book an appointment to open a Business Money Market Savings account at your local branch.
We limit withdrawals and transfers out of your money market savings accounts. You can withdraw or transfer funds from a savings or money market savings account a total of six (6) times per service fee period (such as by automatic or pre-authorized transfers using telephone, online banking, mobile banking, overdraft protection, payments to third parties, wire transfers, checks, and drafts). If you repeatedly exceed these limits, we may close or convert your account to a checking account, which may be a non-interest-bearing checking account.
You will begin to earn interest as soon as the funds in the account are available in the bank.
There is a $10 Monthly Fee. The fee is waived if you either: maintain a $1,000 average daily balance in your business money market savings account during the service fee period, or have an eligible Santander Business Checking account with the same business ownership.1 Read our Fee Schedule.
Interest accrues daily and is credited to your account monthly.
You can check your balance in your Business Online Banking profile, on the Santander Business Mobile Banking app, on your account statement, at an ATM with your ATM card or linked debit card, or at your local Santander branch.
Yes, you can write checks from money market savings accounts. Checks written on a money market savings account will count toward your six withdrawals and transfers limit per service fee period.2
Useful links and documents
Download the Santander Business Banking App
Unlock on-the-go features with our highly-rated Mobile Banking App. 4.7 out of 5 Rating. Based on 14k ratings on the App Store as of 12/16/25.1
Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.
1Rates are available for new money market accounts only and are in effect as of today. This is a variable-rate account, and the rate applicable to your balance tier may change at any time, without notice. Rate is available when account is opened in a Santander location within the ZIP code entered. If ZIP code entered is not located in CT, DE, MA, NH, NJ, NY, PA, RI, or select areas in Florida: Miami Dade, Monroe, Broward Counties, and Collier County ZIP code 34141, rates shown may not be available. Rates in other locations may vary. Fees may reduce earnings. A minimum deposit of $50 is required to open a Business Money Market Savings account. The $10 Monthly Fee is waived when you have an eligible Santander Business Checking account with the same ownership or an average daily balance of at least $1,000 in the Business Money Market Savings account. All other fees apply. Contact a Banker for further information about applicable fees and terms.
2You can withdraw or transfer funds from a savings or money market savings account a total of six (6) times per service fee period (such as by automatic or pre-authorized transfers using telephone banking, online banking, mobile banking, overdraft protection, payments to third parties, wire transfers, checks, and drafts). If you repeatedly exceed these limits, we may close your account or convert it to another type of account that does not limit withdrawals, and it may be an account that pays less or no interest. If we elect to close or convert your account we will notify you.
3To use the Business Banking App, you must first enroll and log in to Business Online Banking and accept the Digital Banking Agreement for Business Online and Mobile Banking. Message and data rates may apply.
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