Let us help you open a business deposit account.
Martha's Vineyard Bank offers a variety of checking and money market accounts for business. Each account comes with the peace of mind that your deposits are fully insured and fully protected by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
Smart
Business
Solutions
Your primary
operating account
Smart Business Checking
Your primary operating account
Whether you are a sole proprietor or an S-Corp., year-round or seasonal business, we've tailored this account to be economical and simple.
- Remote check deposit
- Online and Mobile Banking
- Set up a Zero Balance account
Rates:
- Min. Balance to Open
- $10.00
Contact a Relationship Manager
or visit one of our locations to open a business deposit account.
Business
Sweep
Money Market
Put extra cash
to work for you
Business Sweep Money Market
Manage cash flow
If you're looking to put your unused assets to work while maintaining liquidity, this is the perfect solution.
- Higher rates for higher balances
- Automatically transfer funds in from checking (sweep)
- No monthly fee for Business Online Banking
Rates:
- Money Market Account*
| Min. Balance to Open | Min. Daily Balance to Earn A.P.Y. | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
| $2500.00 | $10.00 - $2,499.99 | 1.00% | 1.00% |
| $2500.00 | $2,500.00 - $24,999.99 | 1.00% | 1.00% |
| $2500.00 | $25,000.00 - $49,999.99 | 1.00% | 1.00% |
| $2500.00 | $50,000.00 - $99,999.99 | 1.00% | 1.00% |
| $2500.00 | $100,000.00 + | 2.00% | 2.02% |
Rates Effective: 8/1/2023
Rates are subject to change at any time after the account is opened.
*Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
Contact a Relationship Manager
or visit one of our locations to open a business deposit account.
Zero
Balance
Accounts
Make tracking
transactions easier
Zero Balance Accounts
Zero Balance Accounts (ZBA) makes accounting easy for anyone who likes to keep transactions separate for different properties, different business lines or key projects.
Combined with our Smart Business Checking and business online banking, we can add time to your day by saving time bookkeeping.
- No monthly fee for Business Online Banking
- Personal Service
- Manage separate accounts for separate properties or subsidiaries
Contact a Relationship Manager
or visit one of our locations to open a business deposit account.
Clipper Ship
Money Market
Maximize interest
and maintain liquidity
Clipper Ship Money Market
Manage cash flow
If you're looking to put your unused assets to work while maintaining liquidity, this is the perfect solution.
- Higher rates for higher balances
- Automatically transfer funds in from checking (sweep)
- No monthly fee for Business Online Banking
Rates:
- Money Market Account*
| Min. Balance to Open | Min. Daily Balance to Earn A.P.Y. | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
| $100,000.00 | $10.00 - $2,499.99 | 0.05% | 0.05% |
| $100,000.00 | $2,500.00 - $24,999.99 | 0.05% | 0.05% |
| $100,000.00 | $25,000.00 - $49,999.99 | 0.75% | 0.75% |
| $100,000.00 | $50,000.00 - $99,999.99 | 0.75% | 0.75% |
| $100,000.00 | $100,000.00 + | 1.50% | 1.51% |
Rates Effective: 8/1/2023
Rates are subject to change at any time after the account is opened.
*Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
Contact a Relationship Manager
or visit one of our locations to open a business deposit account.
Start Here
Call 508-627-4266 or stop into any of our Island or Falmouth locations