Bethpage Federal Credit Union's Business Money Market Account made our list because of the credit union's commitment to customer experience and ease of access. Bethpage FCU is a full-service credit union with a highly rated mobile app, an A+ BBB rating, and over 30 branches, 30,000 fee-free ATMs and 5,000 shared branches across Long Island and New York City. This MMA has a low minimum deposit requirement of $500, and this account allows for unlimited in-person trading and six free pre-authorized debits per month.
Read our Bethpage Federal Credit Union review.
Unlike many credit unions, anyone can join. It costs $5 to become a member and gain access to a variety of business banking products, including a business money market account.
In this MMA, the payout rate is determined by the balance. This account has the lowest APY if you have a balance under $500, the more you save, the higher the rate, and the higher the maximum rate if you have a balance over $250,000. The service fee is hefty at $20, but it's waived if you have a $2,500 balance.
Bethpage Federal Credit Union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA). There are no requirements to join Bethpage Federal Credit Union other than depositing $5 into your stock savings account. Pay $10 for every 6 or more withdrawals per month. This account earns 0.10% APY on balances under $500, 1.15% APY on balances between $500 and $49,999.99, 1.25% APY on balances between $50,000 and $99,999.99, and 1.25% APY on balances between $100,000 and $249,999.99 1.50% APY, and 2.00% APY. APY or more if your balance is $250,000.
