Business Money Market

Waterman BAnk

Earn 4.07% APY*

Get more for your money and enjoy the safety of FDIC insurance.

24/7 Online Banking

With 24/7 online banking you can monitor your account and transfer funds at your convienence.

Business Checks

More options with your money. Write checks when you need to.

Business Money Market

Checks

The Waterman Money Market account gives you the ability to request a checkbook, and flexibility to write checks when you need it.

Branches

If you need help, you can stop by one of our locations or give us a call. We will be happy to answer your questions.

FDIC Insured

Your accounts at Waterman Bank are insured by the FDIC up to the maximum amount allowed by law.

Let’s Start Something Great.

Why Business Money Market?

Grow your savings while you grow your business. The Waterman Business Money Market earns 4.07% APY*.

No monthly service or minimum balance fees and additional features like mobile check deposit.

New Account Opening Process

Step 1

Gather your documentation

Step 2

Complete an application

Step 3

Personalized Service Call

Click here to learn more about opening a new account at Waterman Bank.

A Full-service bank at your fingertips.

Bank from Anywhere with Waterman Bank Business Mobile

View account history
Transfer funds between accounts
Set account alerts
Security and convenience

Download our Waterman Bank Business Mobile app here.

Frequently Asked Questions

What is a Business Money Market account?

A Business Money Market account is a type of savings account that offers a higher interest rate and provides check-writing privileges (see account disclosure for transaction limitations).

How do I transfer money?

Write a check from your money market account
Request a wire transfer
Request a telephone transfer
Use online banking to move money between Waterman Bank accounts
Transfer money between external accounts using Bill Pay

How do I make a deposit?

There are several ways to make a deposit:

Use Mobile Deposit in our mobile app
Sign up for direct deposit with your employer or for your Social Security deposits
Wire transfer
Send us a check by U.S. mail (Please don’t send cash)
Make an in-person check or cash deposit at a branch

Is the Waterman Money Market Account FDIC Insured?

Yes, this money market savings account is FDIC-insured up to the allowable limits.

How Can I withdraw money?

You can withdraw funds from your Business Money Market account at a branch, by writing checks, requesting a wire transfer, or online (see account disclosure for transaction limitations).

Waterman Bank is here to help.

At Waterman, we believe in serving everyone in our communities. We work to understand your needs and find the right solutions to meet them. Whether your goals are big or small, we are only a phone call or email away.

*Annual Percentage Yield (APY) is accurate as of 9/22/2023 and is subject to change without notice. Fees may reduce the earnings on the account. Limited to $1,000,000.00 per account type per household or controlled entity.