What Is a Business Money Market Account?
A business money market account is an interest-bearing deposit account designed for companies seeking higher returns on their cash without giving up access. It earns more interest than traditional savings accounts while often allowing convenient digital transfers and bill pay when needed.
Businesses commonly use MMAs to:
- Build operating or emergency reserves
- Earn higher returns on short-term surpluses
- Set aside funds for taxes or major expenses
- Manage cash flow between checking and investments
- Save for planned growth initiatives or strategic opportunities
- Keep funds accessible while earning more than a traditional savings account
By strategically using a business money market account, companies can turn idle cash into a tool for growth rather than letting it sit dormant. Whether it’s smoothing cash flow, funding upcoming initiatives, or building a financial cushion, an MMA gives your business the flexibility to act quickly while earning more on funds that would otherwise sit idle.
At Grasshopper Bank, our Innovator and Accelerator Money Market Savings Accounts are tailored for small business owners and founders with a digital-first mindset who value both growth and flexibility. Designed for businesses that prioritize online banking and streamlined cash management, these accounts offer high yields, above-average returns, seamless digital access, and liquidity when it matters most.
Why Your Business Needs a Money Market Savings Account
Leaving excess funds in checking means missing out on growth. A business money market savings account transforms idle cash into an income-generating asset that supports future investment. According to Bankrate, the national average savings APY is about 0.63% as of late 2025, meaning many businesses leave substantial earnings on the table. While 0.63% might seem small, the impact grows quickly as cash reserves increase. For example, a business with $500,000 parked in a typical savings account would earn just over $3,000 in interest over a year. Compare that to a business money market savings account, and that same balance could generate several times more — all without sacrificing access to funds.
This gap highlights a key opportunity: by strategically managing idle cash, businesses can make their money work harder, generating additional capital that can be reinvested in growth, operations, or reserves. In a competitive market, even modest interest gains can compound over time, freeing up resources that might otherwise go unused.
Key Benefits of a Money Market Savings Account
- Higher yields — made your idle funds work harder than standard business savings accounts
- FDIC-insured security — safeguard your funds up to $250,000 per depositor, per insured bank, per ownership category
- Digital ACH transfers and bill pay — access and deploy your cash immediately without delays
- Real-time account access — check balances, review transactions, and track interest from anywhere
- Flexible access to cash — withdraw or transfer funds quickly without penalties
- Supports tax and payroll planning — keep money set aside and easily accessible for obligations
- Separate accounts for earmarked funds — track funds for specific projects or growth initiatives
- Simplified reconciliation — organize transactions to make accounting and reporting easier
- Disciplined cash management — structure reserves and operating funds to scale responsibly
With Grasshopper’s digital-first money market savings accounts, your business can access everything it needs to manage cash efficiently while earning above-average returns. From real-time transfers to mobile-friendly bill pay, every feature is designed to keep your funds working as fast as you do, giving you the flexibility, visibility, and control to seize opportunities the moment they arise.
Business MMA vs. High-Yield vs. Traditional Savings
Here’s how the most common business savings options compare in yield, access, and flexibility:
