Savings and Investing
Business Super Money Market Account
Earn More on Your Savings with a Business Super Money Market Account
If you're a business owner looking for a smart savings option that delivers both strong returns and convenient access, take a look at our Business Super Money Market Account.
With a Business Super Money Market Account, you'll earn a guaranteed introductory rate of 2.00% for six months on all account balances. Then, following the introductory period, you'll earn competitive rates with the opportunity to earn higher rates with higher balances, at an Annual Percentage Yield (APY) of 1.06% to 2.02%, based on balances. Plus, you'll have access to your funds whenever you wish and, when you maintain an average daily balance of $25,000 or more in your Business Super Money Market Account, your savings will grow with no monthly fees.1
What's more, balances in your Business Super Money Market Account are FDIC-insured up to maximum allowable limits, so you can rest assured your savings are secure.2
Want to Lock In Even Higher Rates?
If strong return is your primary goal and you don't need access to your funds in the near term, a Certificate of Deposit (CD) is a smart choice. Check out our 7-Month CD and 15-Month CD to see how you can earn more.
Act Now and See Your Savings Grow
Open a Business Super Money Market Account today by visiting your nearest Burke & Herbert Bank branch, or call us at 703-684-1655.
1. The introductory 2.00% rate is guaranteed for six months from the date of account opening and is available for both Super Money Market and Business Super Money Market Accounts. After the introductory period (six months), you will receive our standard Interest Rates/Annual Percentage Yields (APYs), which are based on account balances as follows (accurate as of 6/12/2019):
Up to $24,999.99, interest rate after intro is 0.10% and APY is 1.06%;
$25,000 to $99,999.99, interest rate after intro is 1.00% and APY is 1.51%;
$100,000 to $999,999.99, interest rate after intro is 1.85% and APY is 1.94%;
$1,000,000 and over, interest rate after intro is 2.00% and APY is 2.02%.
These APYs are blended APYs calculated using the introductory Interest Rate and the Interest Rate after the introductory period. This is a variable rate account subject to change without notice.
$1,000 minimum to open. $10 monthly fee if average daily balance is less than $25,000. Six transactions per monthly statement cycle; $2 fee per transaction thereafter. Fees could reduce earnings.
2. Each depositor is insured to at least $250,000.