Your business deserves to earn a little extra with a high-yield money market savings account. Get an extra boost to your business savings when you choose to add this account to your Magnifi Financial Business Platinum Checking account.
Let's go! Get in touch with your local Commercial Officer or contact our business team.
Start with a Business Platinum Checking and add on the RateFlex Money Market with a $100,000 opening balance.
Sign up for Digital Services (if you haven't done so already) and select eStatements for your business accounts.
Your RateFlex APY is based on your average daily balance per month. Earn the applicable RateFlex APY on balances of $100,000 to $5 million.
RateFlex is an add-on option only for Magnifi Business Platinum checking account holders
$100,000 minimum opening balance required
Your average daily balance for the month will determine the RateFlex APY you earn each month
Higher RateFlex rates are available for balances of $100,000 up to $5 million
Balances over $5 million will earn the applicable standard savings listed rate
Effective Date: [[ today ]]
| Balance | Dividend Rate | APY | Min. Opening Deposit | |||
|---|---|---|---|---|---|---|
| $0 - $99,999 | 0.15% | 0.15% | $100,000 | |||
| $100,000 - $499,999 | 2.720% | 2.75% | $100,000 | |||
| $500,000 - $999,999 | 2.915% | 2.95% | $100,000 | |||
| $1,000,000 - $2,499,999 | 3.154% | 3.20% | $100,000 | |||
| $2,500,000 - $5,000,000 | 3.297% | 3.35% | $100,000 | |||
| $5,000,000+ | 0.150% | 0.15% | $100,000 | |||
| Balance $0 - $99,999 | Dividend Rate | 0.15% | APY | 0.15% | Min. Opening Deposit | $100,000 |
| Balance $100,000 - $499,999 | Dividend Rate | 2.720% | APY | 2.75% | Min. Opening Deposit | $100,000 |
| Balance $500,000 - $999,999 | Dividend Rate | 2.915% | APY | 2.95% | Min. Opening Deposit | $100,000 |
| Balance $1,000,000 - $2,499,999 | Dividend Rate | 3.154% | APY | 3.20% | Min. Opening Deposit | $100,000 |
| Balance $2,500,000 - $5,000,000 | Dividend Rate | 3.297% | APY | 3.35% | Min. Opening Deposit | $100,000 |
| Balance $5,000,000+ | Dividend Rate | 0.150% | APY | 0.15% | Min. Opening Deposit | $100,000 |
APY = Annual Percentage Yield. RateFlex High-Yield Business Money Market requires a minimum opening balance of $100,000 and a Magnifi Business Platinum Checking account. RateFlex APY is determined by averaging the end-of-day balances in the RateFlex account for that month and applies to balances up to $5 million. A period means a monthly cycle. Balances over $5 million earn the applicable listed rate. RateFlex account funds must be new to Magnifi Financial. Government entities, schools, municipalities, and trust funds are not eligible. Rates and terms are subject to change at any time without notice. Other restrictions may apply. Not valid with any other offers. Insured by NCUA.
Click here to learn more about what you'll need for your new business account.
Fill out our online form with some information about your business and the products or services of interest. Your local Commercial Officer will be in touch within 1-2 business days.
You can open a business account or loan at any Magnifi Financial location. Each location has a designated Commercial Officer, but we recommend you call ahead to make an appointment.
We have a dedicated phone line for business members, which will help you reach someone who can help faster and save you precious time.
At Magnifi, you're not just a member-owner of an award-winning credit union; you're part of Magnifi and receive all the benefits and perks you need to succeed financially.
