Fuel Your Business Growth

Save Smarter With a Business Money Market

Earn competitive interest on your business savings with flexible access to your funds at Independent Bank.

Open an Account

Why Choose the Business Money Market For Your Savings Account?

Tiered Interest Rates

Earn higher rates as your account balance grows with tiered interest levels.

No Fees

Maintain a $1,000 daily balance to keep your account fee-free.

Free Access to Your Funds

Enjoy unlimited in-person or ATM withdrawals for business flexibility.

Perks, Protection & Discounts

Enjoy exclusive discounts, savings, and added perks with your Independent Bank Debit Mastercard^®.

Business Money Market FAQs

Answers to Common Questions about a Business Money Market Account

What do I need to open a business account?

All applicant(s) will need to provide their Social Security number, date of birth, occupation, and physical address. Applicant(s) must be an authorized officer of the business and a U.S. resident.
The business should be legally formed in the U.S. and have operations in Michigan.
The applicant(s) will need to provide the legal business name, address, business tax ID number, the date the business was established, as well as any supplemental business documents requested.

How does a Money Market Account differ from a savings account?

A Money Market Account typically offers higher interest rates than standard savings accounts, especially with larger balances, and may include check-writing privileges or greater access to funds through ATMs. It also has tiered interest rates that increase with your account balance.