Grow Your Savings With an Eagle Advantage Money Market

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.

What is the minimum balance requirement for the Eagle Advantage Money Market Account?

The Eagle Advantage Money Market Account has no service charge if you maintain a minimum daily balance of $10,000. If the balance falls below this, there is a $15/month service charge.

How are interest rates calculated for this account?

The Eagle Advantage Money Market Account offers tiered interest rates, meaning the more you save, the higher your interest rate. Interest is calculated based on your daily balance.

Can I access my funds at any time?

Yes, you have unlimited access to your funds via in-person or ATM withdrawals.