Money Market and Savings Accounts

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Are you looking for an opportunity to build your company’s savings? Our money market and savings accounts offer the flexibility of tiered rates based on account balances – without penalizing you for dropping below a certain threshold.

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Which Type of Account Is a Good Fit for Your Business?

At Mid Penn Bank, we offer a wide range of financial services for businesses throughout Pennsylvania. Our staff would be happy to help you figure out which account is best for your company.

Business Money Market Account

A money market account combines the benefits of a checking and savings account for your business. With a commercial money market account, you can build interest on your funds and access your company’s money when you need it. Your transactions are limited each month so that you can work toward the long-term savings goals you set for your business.

Commercial money market rates vary in PA. Generally, a higher account balance will yield a higher interest rate.

Features of Business Money Market accounts at Mid Penn Bank include:

  • Interest-bearing tiered rates
  • No monthly service fees
  • No minimum balance required
  • Free Online Banking1 (View and transfer capabilities)
  • Free Visa® ATM Card2
  • Limited check writing and transfers (six transfers per month, including checks)

1 – Internet and carrier fees may apply.

2 – Overdraft and returned item fees may apply.

Cash Management Money Market Account

Maximize your earnings potential through a Cash Management Money Market account. Investment Sweep accounts are also available to help you manage your cash more efficiently and increase your income. This account’s features include:

  • Interest-bearing tiered rates
  • Free Visa® ATM Card1
  • Limited check writing and transfers (Six transfers per month, including checks)

1 – Internet and carrier fees may apply.

Business Savings Account

A business savings account is ideal if you want a financial cushion. You can save money for future expenses while accruing interest as your company grows. Features of our business savings accounts include:

  • Interest-bearing tiered rates1
  • No minimum balance requirement
  • No monthly service fees
  • FREE online banking and telephone banking available
  • FREE mobile banking2 and mobile check deposit available
  • FREE paper statements or eStatements
  • FREE foreign ATM transactions3

1 – Variable rate based on the daily available balance.

2 – Internet and carrier fees may apply.

3 – Referring to fee charged by Mid Penn Bank on customer’s transactions at a non-Mid Penn Bank ATM. Customers may be charged a fee by the ATM owner.

Build Your Company’s Assets With Mid Penn Bank

Mid Penn Bank is more than a full-service financial institution. We’re also a locally operated community bank based in Pennsylvania. We’re familiar with the complexities of managing a successful company, and we’re here to provide the flexible financial solutions you need to meet your goals.

Contact us to learn more about commercial money markets in PA. To set up an account in-person, visit a Mid Penn Bank branch near you today.

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