Business Money Market
Flexibility for your business.
With our Business Money Market account, you can safely grow your savings at a great rate while still having access to your funds.
Whether you're saving for a large purchase or building up that "just in case" fund, our Business Money Market account is a great choice. Plus, our tiered-rate structure rewards larger balances with higher APYs.
Benefits of Business Money Market
Our flexible Money Market accounts allow you to make six electronic transactions per month, unlimited branch withdrawals, and to track your account anytime, online with our Cash Management Basic services included with your account.
Business Money MarketComparison Chart |
||
|---|---|---|
| Business Money Market | Business Premier Money Market | |
|
|
|
|
Earn dividends while keeping your funds accessible and secure. |
Enjoy higher APY rates with a premium savings solution. |
|
| View Rates | View Rates | |
|
Introductory Offer |
Introductory Offer |
|
|
N/A |
4.00% APY for first 6 Months* |
|
|
Good For |
Good For |
|
|
Those looking to build their savings with access to the funds |
Those with high-dollar deposits looking for large returns |
|
|
APY°° |
APY°° |
|
|
As high as 1.50% |
As high as 3.40% |
|
|
Minimum Balance to Earn APY |
Minimum Balance to Earn APY |
|
|
$2,500 |
$50,000 |
|
With our Business Money Market account
Grow your savings with competitive rates and easy access to your funds.
Rates & Tiers
Business Money Market
Balance | APY°° | Rate | Minimum to Earn APY |
|---|---|---|---|
| $2,500 to $24,999 | 0.20% | 0.20% | $2,500.00 |
| $25,000 to $49,999 | 0.30% | 0.30% | $25,000.00 |
| $50,000 to $99,999 | 0.40% | 0.40% | $50,000.00 |
| $100,000 to $249,999 | 0.55% | 0.55% | $100,000.00 |
| $250,000 to $999,999 | 0.75% | 0.75% | $250,000.00 |
Rates & Tiers
Business Premier Money Market
Balance | APY°° | Rate | Minimum to Earn APY |
|---|---|---|---|
| $50,000 to $99,999 | 2.25% | 2.23% | $50,000.00 |
| $100,000 to $249,999 | 2.50% | 2.48% | $100,000.00 |
| $250,000 to $999,999 | 2.75% | 2.72% | $250,000.00 |
| Over $1,000,000 | 3.40% | 3.35% | $1,000,000.00 |
Meet our Team
Ready to get started? Our team is here to help your business succeed. Discover how our personalized approach can help meet your financial needs by connecting with us today.
Ray Schwetz
Ray Schwetz
Raymond Schwetz has been an integral part of Jovia Financial Credit Union since 2008, bringing over 30 years of experience to his role as Assistant Vice President of Business Banking. His extensive background in financial services, commercial banking, and community outreach allows him to expertly manage Jovia’s Business Banking Unit.
Previously, Ray served as Community Relations Director, where he excelled at building relationships and promoting business development. His innovative approach and strong community ties make him a trusted advisor for members seeking tailored banking solutions.
Ray’s professional journey includes roles at New York Community Bank, TIAA-CREF, and WaMu/Chase. He’s also actively involved in local non-profits and hosts "Tower Talk," a business talk radio show on 90.3 WHPC. Ray’s leadership extends to his role as Vice Chair of Jovia’s Community Involvement Committee, where he supports numerous Long Island charities.
For personalized business banking solutions, connect with Ray and discover how Jovia can support your financial needs.
Cristian Reyes Valdez
Cristian Reyes Valdez
Cristian Reyes has been a valued member of the Jovia Financial Credit Union team since 2022, beginning his career as a Teller and quickly building a strong foundation in member service and financial operations. Through hands-on experience and a commitment to excellence, Cris has developed a well rounded understanding of business banking services and the needs of business members.
With a background in day to day account servicing, Cris is skilled in assisting business members with a wide range of banking needs. From business account support and transaction services to problem resolution and general account guidance, he is dedicated to delivering efficient, personalized service that enhances the overall member experience.
Connect with Cris and discover how Jovia can support your business banking needs.
Business account offerings, rates, and product features are subject to change without notice.
*The 6-month introductory rate equates to 184 calendar days from the day of account opening. The minimum average monthly balance required to earn the introductory rate for this account is $50,000. Average monthly balances under $50,000 will not earn dividends or the introductory rate. Members with a current or prior Business Premier Money Market Account are not eligible for an introductory rate. Only new first-time Business Premier Money Market Accounts will receive the introductory rate. This account may be charged up to 6 NSF/UCF per calendar month. If more than 6, additional NSF/UCF per month will be waived. Rates and terms are subject to change without notice. Rates may change after the account is opened.
°° APY = Annual Percentage Yield. The minimum balance to earn APY is based on a 30-day month. Fees could reduce earnings on the account. Rates on Savings and Checking accounts may change after the account is opened. A minimum of $5 must be maintained in a Savings account to have access to all of our products and services.
Membership eligibility requirements apply.