FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Boost up to 3.75% APY* with our Business Banking Bundle
Open a Business Checking Account and a Business Money Market Account (MMA) and maintain a balance of at least $50,000 to earn 3.75% Annual Percentage Yield (APY)
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High Yield for Growing Businesses
Earn competitive returns on savings for your business, now paired with everyday banking. Open online in minutes and get direct access to a dedicated relationship manager from day one.
Strong & Secure Earnings
- 3.75% APY* Competitive yield on qualifying balances and accounts
- FDIC Insured Coverage up to $250,000 per depositor, per bank. Multi-million-dollar coverage available.
- Monthly Fee Waived** With $1,000 average daily balance
Fast Digital Onboarding
- Apply Online No branch visits or paper forms
- 10-15 Minute Application Simple, streamlined process
- Start Earning Quickly Fund and begin accruing interest without delay
Real Human Support
- Dedicated Relationship Manager Direct phone and email access
- No 1-800 Call Centers Work with a real banker who knows your business
- Flexible Lending Access Support for high-growth companies
FDIC Insured. Secure, fully digital onboarding
FAST, SECURE, AND FULLY DIGITAL
Pair your MMA with business checking
To qualify for 3.75% APY*, you’ll need to open a Business Money Market Account and a Business Checking Account, plus maintain a minimum balance of $50,000 in your MMA.
This combination gives your business a place for everyday transactions and a separate place to grow reserve funds.
FDIC Insured. Secure, fully digital onboarding
Step 1: Apply Online
Complete your application in about 10 minutes from anywhere. No branch visits. No paperwork mailing.
Step 2: Upload Required Details
Provide basic business information, ownership details, and formation documents to keep the process moving quickly.
Step 3: Get Verified and Fund
Many applications are verified quickly. Once approved, fund your account and start earning competitive yield right away.
TESTIMONIALS
What Our Clients Say
"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."
"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."
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.
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.
Earn 3.75% APY* on Your Business Cash
Earn competitive returns with a fully digital, FDIC-insured Business Money Market Account. No branch visits. No paperwork. Just fast onboarding and real human support.
