Business Money Market Accounts
With an OE Federal Business Money Market Account, you can maximize your earnings without your funds being locked up. You’ll get a better interest rate than a typical savings while having the flexibility to make withdrawals and online transfers between your business accounts.
- $2,500 minimum opening deposit
- Earns more than a savings
- Up to 6 withdrawals per month
- Eligible for Sweep Account transfers
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Frequently Asked Questions
What types of businesses are eligible?
- Sole Proprietorship
- Partnership (General and Limited)
- Registered Non-Profit Organization (NPO)
- Limited Liability Company (LLC)
Can I make mobile deposits?
Mobile deposits are unavailable for business accounts.
Are there transaction limits on a Money Market?
Yes, you may make 6 free transactions per month. A fee of $15 will apply to each transfer after.
Can I overdraw a Money Market account?
Yes, it is possible to overdraw your Money Market Account; however, services like Overdraft Protection and Sweep Account Transfers are available for this type of account. If an overdraft occurs, this will count towards your 6 monthly withdrawals.
Does a Money Market have time limits or terms?
No, you can keep your Money Market Account open for as little or as long as you’d like.
Can I add money to a Money Market after opening?
Yes, you may add additional funds to your Money Market Account at any time.
What is the maximum amount I can have in a Money Market Account?
There is no maximum amount.