FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Most banks catch up to your business eventually. We'd rather keep pace.
A named relationship manager — direct line, no call center
No minimum to open & balances of $50k+ start earning 3.75% Annual Percentage Yield (APY)*
FDIC insured, fully digital, no branch visits
Featured in
Here's what you get from day one.
High-yield business bundle
Up to 3.75% APY* on qualifying balances
FDIC insured
Coverage up to $250,000, with multi-million-dollar options available
Dedicated relationship manager
Direct phone and email access, no call centers
Bank-grade security
Encryption, fraud monitoring, and role-based access controls
Transparent pricing
No hidden fees, monthly fee waived with $1,000 balance**
Liquid and earning
Access your funds anytime while earning yield
Banking Built for Every Stage
The right support looks different at every stage. We adjust to meet you where you are.
The basics, done right.
You're managing increased sales, adding headcount, and building out infrastructure, but still need the fundamentals in place: core banking and deposits, reliable cash management, and systems that keep receivables from becoming a full-time job.
New customer payment received: $12,450.
Incoming ACH payment posted successfully. Updated balances for account ending 3490 are available
Room to grow, without growing pains.
New locations, new suppliers, maybe your first acquisition — this stage calls for financing that keeps pace, plus a banker who can help assess strategy, not just process transactions.
Wire transfer of $380,450 has been sent successfully
Payroll file received successfully.
Exploring a building purchase? Let's discuss financing options
Protecting what you've built.
You've built something real, and now it's about protecting margin and market share — expense reduction, efficiency, and the early conversations around succession and valuation all come into focus here.
Positive Pay file processed successfully
Draw request for $850,000 was funded successfully
Cash sweep completed successfully. $185,000 has been transferred to your operating account
Planning the next chapter.
Whether you're planning an exit, a succession, or a transition to new ownership, this stage is about reducing risk and having the right structures in place before you need them.
Business valuation docs received. Schedule a transition planning review
Preparing for a business transition? Let's discuss strategies to help achieve your goals
The Business Banking Bundle
Day-to-day spending and long-term reserves, working together.
The everyday account for paying vendors, managing cash flow, and keeping your team moving.
Online and mobile banking, mobile check deposit
Integrates with QuickBooks and other accounting software
Custom access controls for your team
A place for reserve cash to earn yield without losing liquidity.
No minimum to open & balances of $50k+ start earning 3.75% APY*
FDIC insured, multi-million-dollar coverage available
Funds stay liquid — no lockups
A Banker Who Knows Your Business
No more starting from scratch every time you call. We've got someone who knows where you left off.
Dedicated Relationship Manager
Get direct phone and email access.
No 1-800 Call Centers
Work with a real banker who knows your business.
Flexible Lending Access
Fuel growth without diluting equity.
Fast Digital Onboarding
We built onboarding for people who don't have time for onboarding.
Apply Online
Fill out one application from your laptop or phone — no printing, no faxing, no in-person appointment.
Quick & Easy Application
Get started with a streamlined application designed to help you move fast.
Start Earning Quickly
Fund your account and your money starts earning yield right away — no waiting period.
Strong and Secure Earnings
Your reserve cash could be doing more than sitting still, and you can see exactly where it stands.
3.75% APY*
Competitive yield on qualifying balances and accounts.
FDIC Insured
Coverage up to $250,000 per depositor per ownership category. Multi-million dollar coverage available.***
No Monthly Fee
When you maintain a $1,000 average balance.**
Stays Liquid
Earn yield without locking up access to your funds.
The hardest part of switching to Piermont Bank? Deciding to do it.
Weeks of paperwork just to move your money
Re-explaining your business to someone new
Banking that doesn't flex as you grow
A quick, streamlined online application
A named Relationship Manager from day one who's briefed on your business
An account bundle that adjusts as you scale
What Our Clients Say
"Managing multiple practices can be overwhelming sometimes, and Piermont's hands-on approach and personalized support has made everything easier, allowing us to concentrate on delivering exceptional care."
"As a fast-growing ecommerce business, we needed a bank that understands fast-moving operations and seasonal demands. Piermont Bank has been that partner, who is always responsive, flexible, and committed to helping us succeed."
Frequently Asked Questions
Have questions? We have answers. Reach out to our team for more information.
Contact UsTo open a business money market account, you'll need basic business details, entity documents, and ownership verification. This includes:
Business Information:
- Legal business name, address and phone number
- Tax Identification Number (TIN/EIN)
Business Entity Documentation:
- Articles of Incorporation (for S-Corps, C-Corps, and Corporations).
- Operating Agreement or Bylaws (if applicable)
- Business License (if required for the state of inquiry)
Ownership & Control Details:
- Information on beneficial owners (anyone with 25%+ ownership)
- Personal details (name, date of birth, SSN, address) for all owners and key control persons
- Government-issued ID (Driver's License or Passport) for all key owners/signers
Yes. Deposits are FDIC-insured up to applicable limits. Multi-million-dollar FDIC insurance is available through separate enrollment with IntraFi’s ICS deposit product.
For more information, please reach out to [email protected]
Yes. The account is structured to preserve liquidity while allowing your funds to earn yield.
Yes. The $50,000 minimum balance must be maintained in your Business Money Market Account (MMA) to qualify for the 3.75% APY*.
If your MMA balance falls below $50,000, you will earn 3.25% APY* for the period your balance remains under the minimum.
Balances below $20,000 will earn 0.75% APY.
Yes. You can open a Business Money Market Account on its own. However, without also opening a business checking account, the applicable rate will be 3.25% APY*.
The 3.75% APY* applies only when all eligibility requirements are met, including maintaining a minimum balance of $50,000 in your Business Money Market Account and having an open, funded business checking account.
You can open both your Business Money Market Account and business checking account through the same online application. Simply select both accounts during signup when prompted.
Your vision leads
our banking.
Not the other way around. Open your Business Banking Bundle and let's get moving.
Open Your Business MMA
