High-Yield Money Market Savings Accounts for Businesses
Your business deserves a savings solution that grows alongside your ambitions. At People Driven Credit Union, our High-Yield Business Money Market Account delivers a competitive, guaranteed rate—helping you make the most of your operating funds while keeping them accessible for day-to-day needs.
Connect to learn more about High-Yield Money Market Accounts for Michigan businesses
Put your business cash to work
If your business has excess cash sitting in an operating account or at another financial institution, a PDCU Business High-Yield Money Market Account can help those funds earn more while staying accessible.
This account can be a good fit for business funds you do not need for immediate operating expenses, including:
- Seasonal cash reserves
- Funds set aside for taxes or upcoming expenses
- Large deposits your business expects to receive
- Excess cash currently held at another financial institution
- Additional business funds you want to keep accessible while earning a competitive return
Eligible new money can earn a promotional 4.25% APY² with a minimum opening deposit and balance of $10,000. The promotional rate is guaranteed through May 31, 2027, subject to the terms of the account.
²APY = Annual Percentage Yield. Promotional APY applies to eligible new money meeting the minimum balance requirements. Balances below $10,000 earn the applicable standard money market rate based on balance tier.
Is this account right for your business?
A PDCU Business High-Yield Money Market Account may be a good fit if your business has excess funds you do not need for immediate operating expenses but still wants to keep the money accessible.
Consider this account if your business:
- Maintains significant balances at another financial institution
- Has excess cash outside of its primary operating account
- Expects an upcoming deposit or influx of new business funds
- Keeps seasonal cash reserves
- Has funds set aside for taxes or upcoming expenses
- Is considering moving additional business deposits to PDCU
- Wants to earn a higher return on business funds currently held elsewhere
The promotional 4.25% APY² is available on eligible new money with a minimum opening deposit and balance of $10,000. The promotional rate is guaranteed through May 31, 2027, subject to the terms of the account.
If you are unsure whether your business funds qualify as new money, our Business Services team can help review your situation before you open the account.
Keep your funds accessible while earning more
Your business may have funds that are not needed for immediate operating expenses but still need to remain available for taxes, upcoming purchases, seasonal costs, or other business needs.
A PDCU Business High-Yield Money Market Account gives you a way to earn a competitive return on those excess funds while keeping the money accessible.
This can be useful for businesses that want to:
- Earn more on excess cash reserves
- Keep funds available for future expenses
- Maintain access to money set aside for taxes or planned purchases
- Move qualifying business funds from another financial institution
- Make better use of cash that would otherwise remain idle
Eligible new money can earn a promotional 4.25% APY² with a minimum balance of $10,000. The promotional rate is guaranteed through May 31, 2027, subject to the terms of the account.
What qualifies as new money?
The promotional 4.25% APY² is available only on eligible new money brought to People Driven Credit Union.
New money may include:
- Business funds currently held at another financial institution
- New deposits coming into your business
- Upcoming business proceeds or other incoming funds that are not already held at PDCU
Funds already on deposit at People Driven Credit Union do not qualify for the promotional rate.
Moving existing PDCU funds out of the credit union and then bringing them back does not satisfy the new money requirement.
If you are unsure whether your funds qualify, contact our Business Services team before opening the account.
²APY = Annual Percentage Yield. Promotional APY applies to eligible new money meeting the minimum balance requirements and is guaranteed through May 31, 2027, subject to account terms.
Business High-Yield Money Market details
Here are the key details for the PDCU Business High-Yield Money Market Account:
| Feature | Details |
|---|---|
| Promotional APY | 4.25% APY² |
| Minimum opening deposit | $10,000 |
| Minimum balance to earn promotional rate | $10,000 |
| Funding requirement | New money only |
| Promotional period | November 2, 2026 through May 31, 2027 |
| Eligible members | New and current business members |
| Balances below $10,000 | Earn the applicable standard money market rate based on balance tier |
| Rate after promotional period | Applicable ongoing rate |
The promotional 4.25% APY² is guaranteed through May 31, 2027, subject to the terms of the account. After the promotional period, the account will earn the applicable ongoing rate.
²APY = Annual Percentage Yield. Promotional APY applies to eligible new money meeting the minimum balance requirements. Existing PDCU funds do not qualify for the promotional rate.
How to open an account
Opening a PDCU Business High-Yield Money Market Account starts with our Business Services team.
- Contact Business Services: Let us know you are interested in the Business High-Yield Money Market Account.
- Review your funding source: Our team will help confirm whether your deposit qualifies as new money for the promotional rate.
- Open the account: A minimum opening deposit of $10,000 is required.
- Fund the account: Eligible new money can earn the promotional 4.25% APY² through May 31, 2027, subject to the terms of the account.
The promotion is available to both new and current business members. Existing PDCU funds do not qualify for the promotional rate.
Open a Business High-Yield Money Market Account
Or call 248-263-4100 to speak with our Business Services team.
²APY = Annual Percentage Yield. Promotional APY applies to eligible new money meeting the minimum balance requirements and is guaranteed through May 31, 2027, subject to account terms.
Ready to Maximize Your Business Savings?
Elevate your company’s financial potential by opening a High-Yield Business Money Market Account at People Driven Credit Union. Contact us today to secure your account and start earning more on your hard-earned funds.
Not a People Driven Credit Union member yet?
People Driven Credit Union membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members.
A Membership Share Savings Account is required to establish membership. A $5 deposit secures your ownership share in the credit union and gives you access to PDCU products and services, including Business Services.
Once your membership and business relationship are established, our Business Services team can help you open a Business High-Yield Money Market Account and confirm whether your deposit qualifies as new money for the promotional rate.
Frequently asked questions
A PDCU Business High-Yield Money Market Account is designed for businesses that want to earn a competitive return on excess funds while keeping the money accessible for future business needs.
The promotional rate is 4.25% APY² on eligible new money that meets the account requirements.
The promotional 4.25% APY² is guaranteed through May 31, 2027, subject to the terms of the account. After the promotional period, the account will earn the applicable ongoing rate.
The minimum opening deposit is $10,000.
A minimum balance of $10,000 is required to earn the promotional rate. Balances below $10,000 earn the applicable standard money market rate based on the account balance tier.
New money includes eligible business funds that are not already held at People Driven Credit Union, such as funds transferred from another financial institution or qualifying new business deposits.
No. Existing funds already held at People Driven Credit Union do not qualify for the promotional offer.
No. Existing PDCU funds should not be moved out and then returned in an attempt to meet the new money requirement.
The promotional offer is available to both new and current PDCU business members.
This account may be a good fit for businesses with excess cash, seasonal reserves, funds held at another financial institution, upcoming deposits, or money set aside for future expenses that they want to keep accessible.
After the promotional period ends, the account will earn the applicable ongoing rate in effect at that time.
Contact the People Driven Credit Union Business Services team to get started. Our team can help confirm whether your deposit qualifies as new money and guide you through the account-opening process.
Disclosures
*APY = Annual Percentage Yield. The promotional 4.25% APY² is available on eligible new money deposited into a PDCU Business High-Yield Money Market Account and is guaranteed through May 31, 2027, subject to the terms of the account. A minimum opening deposit of $10,000 is required, and a minimum balance of $10,000 is required to earn the promotional APY. Balances below $10,000 will earn the applicable standard money market rate based on balance tier. Existing funds already held at People Driven Credit Union do not qualify as new money for this promotional offer. After May 31, 2027, the account will earn the applicable ongoing rate in effect at that time.
People Driven Credit Union savings are Federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.
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Contact Business Services
Talk with our Business Services team about the Business High-Yield Money Market Account, qualifying new money, business deposits, and other banking needs.
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