Business Savings, Elevated.
Business Money Manager
With our Business Money Manager and Money Manager Plus accounts, you can earn dividends without tying up your funds.
UMassFive's Business Money Manager and Money Manager Plus accounts offer tiered savings, allowing you to earn a higher rate for larger balances, all with the ability to withdraw or transfer your funds whenever you need them. Reap the rewards of our tiered interest rates and 24-hour online access with eStatements.
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Business Money Manager Rates*
| Tier | Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0-$25,000 | 0.45% | 0.45% |
| 2 | $25,000.01-$50,000 | 0.55% | 0.55% |
| 3 | $50,000.01-$75,000 | 0.65% | 0.65% |
| 4 | $75,000.01+ | 0.75% | 0.75% |
| Rates subject to change at any time. Rates effective as of April 5, 2024. |
*The Money Manager Savings account is a dividend bearing account with a $2,500 minimum balance. A $10.00 service charge will be applied once per month if the balance drops below $2,500 at any time during the month.
Business Money Manager Plus Rates*
| Tier | Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0-$100,000 | 0.75% | 0.75% |
| 2 | $100,000.01-$200,000 | 1.50% | 0.75% - 1.13% |
| 3 | $200,000.01+ | 3.00% | 1.13% - 2.66% |
| Rates subject to change at any time. Rates effective as of April 5, 2024. |
*Rates as stated for Money Manager Plus Savings accounts apply only to the portions of the account balance in each tier, which will result in a blended Annual Percentage Yield for the full account balance. A $25.00 service charge will be applied once per month if the balance drops below $100,000 at any time during the month.
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