Business Money Market Accounts

Business Money Market Accounts put profits to work

Money Markets pay higher rates while giving your business fast access to funds

Earn higher yields
Money Markets take it up a notch compared to most standard business savings accounts.
Leverage tiered rating systems
Larger balances can earn even higher returns.
Keep your assets liquid
There's no minimum savings period. Access funds anytime with digital banking tools and at bank locations.
Totally safe
Gain peace of mind with this low-risk savings option.

Add to your bottom line while maintaining financial flexibility

Smart businesses look beyond day-to-day finances and plan for tomorrow. A Money Market Account is a safe way to grow cash reserves needed to cover future expenses, major purchases and big-picture initiatives. With a Carter Bank Business Money Market Account, you can count on higher earnings without tying up funds for months or years at a time, putting you in prime position to make the right move at the right time.

  • No annual fee on active accounts
  • $100 minimum opening deposit
  • Saves time with easy online account opening for most accounts and online account management
  • Tiered interest rate based on your balance, starting at $2,500**
  • Unlimited in-person withdrawals and transfers
  • Overdraft Transfer available
  • Wire Transfer Service available

FAQs

For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at (833.275.2228), or visit us at one of our locations. To find a location click here.

MoneyPass® is an ATM Network that allows Carter Bank customers to access their money with no surcharge fees, across the country. Find a MoneyPass® ATM.

Debit Card Management is an online and mobile banking tool that gives you complete control and visibility over your Debit Card. With this service, you can easily turn your card access on and off, set up custom alerts, view recent transactions, manage your card usage, and do much more. 

Watch your savings grow.

Premium Money Market Account
3.26%
Finance your next move

Secure the funds you need to support business initiatives.


Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings. (This includes transfers for overdraft or insufficient funds transfers)

¹ Rates subject to change. The Annual Percentage Yield (APY) and balance for CB&T Premium Money Market Account are accurate as of 5.22.2023. APY is variable and subject to change based on the balance in the account; $0-$2,499.99 at 0.00% / $2,500-$24,999.99 at 0.26% / $25,000-$49,999.99 at 3.26% / $50,000-$99,999.99 at 3.37% / $100,000-$499,999.99 at 3.46% / $500,000-$999,999.99 at 3.56% / $1,000,000 and above at 4.01%. To earn the advertised APY, the minimum balance must be $25,000.00. Charges and fees may reduce earnings. Premium Money Market Account is available for personal and business customers.

**$2,500 minimum balance to avoid fees. 30 day grace period to get to minimum balance.

² Initial Annual Percentage Yield (APY) assumes, principal and interest remain on deposit until maturity. Interest is compounded daily and credited quarterly. To earn APY, the minimum balance must be $100.00. A penalty for early withdrawal will be imposed. Fees may reduce earnings. Annual Percentage Yield (APY) is accurate as of 12.15.23.

All promotional offers, products and services offered by Carter Bank are subject to updates, modifications and/or termination at any time.

Penalties for early withdrawals: For maturities of less than one year, a 30-day interest penalty will be assessed. For maturities of one year or more, a 90-day interest penalty will be assessed.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.