Business Money Market Account at Old National Bank — Smart Liquidity with Competitive Yields

The Business Money Market Account at Old National Bank is designed to help businesses of all sizes maximize short-term earnings on operating cash while maintaining convenient access to funds. Combining higher interest rates than traditional business checking with the flexibility to manage day-to-day liquidity, this account is an ideal tool for companies that need safety, yield, and dependable cash management without locking funds into long-term investments.

Key Features

• Competitive tiered interest rates that reward higher balances with improved yields.
• Daily accrual of interest to ensure your business captures earnings on available cash as soon as funds are deposited.
• Easy access to funds with check-writing privileges and debit card or transfers, depending on account level and bank policies.
• Online and mobile banking for account management, ACH transfers, and real-time balance monitoring.
• FDIC insurance on eligible deposits, providing peace of mind for business owners.
• Optional treasury and cash management services to integrate the account into a broader corporate finance strategy.

Benefits for Your Business

Maintaining operating cash in a Business Money Market Account at Old National Bank offers a balanced approach between liquidity and return. Your business benefits from:

• Higher returns vs. standard business checking — enjoy a more productive cash position without sacrificing accessibility.
• Improved cash flow management — use tiered rates to optimize working capital and plan for short-term expenses.
• Reduced opportunity cost — short-term idle cash earns interest rather than sitting unproductive in non-interest accounts.
• Scalability — as balances grow, your yield can improve, making this account suitable for startups through established enterprises.

How It Works

Open a Business Money Market Account at Old National Bank through a branch or online application. Deposit funds and earn interest based on the balance tiers established by the bank. Interest is compounded and credited according to the bank’s schedule, typically monthly, and accrues daily. You retain the ability to withdraw funds via authorized checks, electronic transfers, and approved debit transactions, enabling seamless integration with payroll, vendor payments, and operational needs.

Rates, Minimums, and Fees

Old National Bank sets tiered interest rates that adjust with market conditions. Some accounts may require a minimum opening deposit or a daily minimum balance to earn the highest tiered rate. Monthly maintenance fees may apply unless minimum balance requirements are met or account qualifies for fee waivers through linked services or promotions. Always review the current disclosures from Old National Bank for specific rate tables, fee schedules, and terms.

Security and Support

Security is a priority: FDIC coverage protects eligible deposits, and Old National Bank employs encryption and multi-factor authentication across its online and mobile platforms. Business clients also have access to dedicated commercial banking support, including relationship managers who can help tailor cash management strategies, set up sweep accounts, or recommend complementary products like commercial lines of credit or merchant services.

Who Should Choose a Business Money Market Account?

This account is particularly well-suited for:

• Small and medium-sized businesses managing operating reserves.
• Nonprofits and associations needing interest-bearing liquidity for program funds.
• Startups and growing companies that require cash availability with a better return than checking.
• Businesses with surplus cash awaiting short-term investments or capital expenditures.

How to Get Started

To open a Business Money Market Account at Old National Bank, gather basic business documentation (EIN, formation documents, authorized signer IDs) and visit a local branch or start the process online. A commercial banker can review your cash flow needs, explain tier rates and fees, and recommend additional cash management tools that complement the money market account for comprehensive treasury operations.

Final Thoughts

The Business Money Market Account at Old National Bank is a practical, secure solution for businesses seeking to balance yield and access. With competitive rates, robust digital banking features, and commercial support, it helps organizations make the most of short-term cash while preserving flexibility. Review current terms with Old National Bank and compare features to ensure this account aligns with your company’s financial strategy.

Address Bank: Chicago, Illinois Evansville, Indiana, U.S.
Bank: Old National Bank
Headquarters: Evansville, Indiana
Products: Deposit Accounts
Type: Business Money Market Account