Who is this account best for?

Businesses that want to earn more on their savings with tiered rates while keeping easy access to their funds.

How can I avoid the monthly maintenance fee?

The $10 monthly maintenance fee is waived by maintaining a daily balance of at least $10,000.

Can I write checks on this account?

Yes. Check writing is available.

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Business Elite Money Market

Q: How do the tiered rates work?

The account is designed in tiers, so your interest rate increases automatically as your balance reaches higher thresholds.

Maximize your savings without giving up access to your money.
Rates and Annual Percentage Yields (APYs) may change after account opening. See current rate information for details.

View Rates

Money Market

Put your savings to work

You want to grow your business, not spend your time chasing the best rate on every savings option. We think you should stay focused on what matters most - your customers and your business - and let us handle the rest. The Business Elite Money Market account is designed with a tiered rate structure, so your interest rate increases automatically as your balance reaches new thresholds. You keep easy access to your funds, backed by a local team across Rhode Island and eastern Connecticut whenever you need us.

Account Features

Easily access your funds 24/7 through Online Banking & Mobile Banking app
Check writing

Earnings & Fees

Daily compounding interest
Avoid the $10 monthly maintenance fee by maintaining a daily balance of at least $10,000.

Getting Started

Open in Three Steps

Getting started with a Business Elite Money Market account is easy.

Gather Documents

Have your business documents and ID ready before you apply.

Connect With Us

Visit a branch or contact our team to open your account.

Start Saving

Make your opening deposit and put your savings to work.

Common Questions