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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.

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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

Let's meet in person

Schedule one-on-one time with a banker.
Learn more

All the ways we help you bank better

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The flexibility you need to do business while you're busy

We're here to support your unique small business

Forthcoming with our customers, like all banks should be

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.
Learn more about Business Mobile Banking

Customization and agility
Helping you achieve your business goals and needs by diving deeper into your operations and cash flow, bringing ideas and alternatives to the table.

Fees explained up front
We're honest about the cost of doing business, the same way you are with your customers. no surprises and no sneaky fine print.

Geared toward sustainable success
While we're committed to meeting your needs today, we also have one eye on the future. We're here to build on your foundation and fuel growth.

Open communication
Alerts, secure messages, and a dedicated team of small business banking experts to guarantee satisfaction as best we can.

Access your digital banking tools
Make deposits or ACH payments, transfer funds, check balances, set different access levels for employees, and more.

Partnership and guidance
Let us help you navigate the surprising challenges and opportunities that growth brings, whether it's big picture or day-to-day.

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.

Useful links and documents

Account fee schedule
 

Business Deposit Account Fee Schedule

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Download the Santander Business Banking App

Unlock on-the-go features with our highly-rated Mobile Banking App. 4.6 out of 5 Rating. Based on 13k ratings on the app store as of 11/21/2024.1

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Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.

1 Rates 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.

2 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 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 accountwe will notify you.

3 To 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.

Santander Bank, N.A. is a Member FDIC and a wholly owned subsidiary of Banco Santander, S.A.©2023 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame Logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners. Santander Bank is not affiliated with First Data Merchant Services, LLC or any of its affiliates.