Anytime you use your Manasquan Bank Debit Mastercard® for point-of-sale (POS) purchases, we’ll round up the total purchase to the nearest whole dollar and automatically deposit the difference into your designated checking or savings account.
When do you need a Money Market Account (MMA) instead of a standard business savings account? Great question.
If you have a large amount of savings on hand that you’re not going to need to access frequently over a long period of time, it might make sense to seek the greatest possible interest yield by putting that lump sum into a Money Market Account.
That’s because an MMA rewards you for a high balance with minimal transactions during the time your account remains open. However, you will still be able to write checks against this account or withdraw from it with your debit card, if need be.
But, overall, you’re set to benefit with an MMA. That’s because, with our tiered interest rates, you’ll be able to capitalize on higher interest rates as your balance increases. Then all you need to do is sit back and watch your business savings grow.
Benefits & Features
You’ll also enjoy all of the other benefits that come with standard business banking accounts, including:
- Business Online and Mobile Banking
- View eStatements
- Business Debit Mastercard®
To learn more about the benefits of a Money Market Account, connect with us today.