Every business needs cash available for payroll, operating expenses, taxes, unexpected costs, and future opportunities. But when your business has money beyond what it needs for everyday expenses, leaving those funds sitting in a low-earning account may mean missing an opportunity to earn more.
The People Driven Credit Union Business High-Yield Money Market Account gives eligible business members a way to earn a competitive return on excess cash while keeping their funds accessible.
Earn 4.25% APY² on eligible new business funds
For a limited time, eligible new money deposited into a PDCU Business High-Yield Money Market Account can earn a promotional 4.25% APY².
The promotional offer includes:
- 4.25% APY²
- $10,000 minimum opening deposit
- $10,000 minimum balance to earn the promotional APY
- New money only
- Promotional rate guaranteed through May 31, 2027, subject to account terms
The promotion is available to both new and current PDCU business members.
When does a Business High-Yield Money Market make sense?
A high-yield money market can be useful when your business has funds that are not needed for immediate operating expenses but still need to remain accessible.
That may include:
- Seasonal cash reserves
- Funds set aside for taxes
- Money reserved for future equipment or inventory purchases
- Cash held for upcoming projects or expenses
- Large deposits your business expects to receive
- Excess funds currently held at another financial institution
The goal is simple: give money your business is already setting aside an opportunity to earn more without locking it away for a fixed term. The product was designed specifically for businesses with excess or idle cash that still need access to those funds.
What does “new money” mean?
The 4.25% APY² promotional APY applies to eligible new money brought to People Driven Credit Union.
New money may include business funds transferred from another financial institution or qualifying new funds coming into your business that are not already held at PDCU.
Existing PDCU deposits do not qualify for the promotional offer. Moving existing PDCU funds out and then bringing them back does not satisfy the new money requirement.
If you are unsure whether your funds qualify, our Business Services team can review the source of the deposit with you before you open the account.
Keep your business funds accessible
One of the advantages of a money market account is flexibility. Your business can earn a competitive return on cash reserves while keeping those funds available for future business needs.
That can be especially helpful if your business is preparing for taxes, seasonal expenses, equipment purchases, inventory needs, or other costs that may come up during the year.
What happens after May 31, 2027?
The promotional 4.25% APY² is guaranteed through May 31, 2027, subject to the terms of the account. After the promotional period ends, the account will earn the applicable ongoing rate in effect at that time.
Ready to put your business cash to work?
If your business has excess cash sitting at another financial institution or new funds coming in, the PDCU Business High-Yield Money Market Account may help you earn more while keeping your money accessible.
Learn more about the Business High-Yield Money Market Account
Contact Business Services or call 248-263-4100 to get started.
Disclosures
²APY = 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.
Rates are effective as of and are subject to change at any time without notice.
Federally Insured: Savings at People Driven Credit Union are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.
John Scharff is the Digital Marketing Lead at People Driven Credit Union, where he helps create clear, practical financial content for members and the communities PDCU serves. He focuses on making financial topics easier to understand, from loans and savings accounts to digital banking, fraud prevention, and everyday money management.
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