BUSINESS MONEY MARKET
Grow your business savings with rates as high as 2.75% APY*
Our Business Money Market accounts give you the best of both worlds—higher interest rates than a standard savings account and the flexibility to access your money when you need it.
Use it to set aside funds for upcoming projects, smooth out seasonal cash flow, or simply strengthen your financial position. With check-writing ability, online and mobile access, and competitive tiered rates, you can keep your money working without giving up convenience.
Designed for Your Business Goals
Whether you’re building a small cushion or managing a large balance, our Money Market accounts grow with you. You’ll earn more as you save more, with guidance from local bankers who know your business.
First Rate Money Market
A smart starting point for businesses setting aside funds for taxes, payroll, or rainy-day needs. Open with as little as $1,000.
Madrona Money Market
Perfect for businesses with larger balances, with rates as high as 2.75% APY*. Minimum $10,000 deposit to open.
Features and Benefits
No Monthly Service Fee - Keep more of what you earn.
Easy Branch Access - Withdraw or deposit at any First Fed location.
Unlimited ATM and In-Person Withdrawals - Access your funds when and where you need them.
Nationwide ATM Network - Free withdrawals at over 37,000 MoneyPass® ATMs; $2.50 fee for each withdrawal from non-MoneyPass ATMs.
Debit Card and Checks - Available on request. Customary check-ordering costs and NSF (non-sufficient funds) fees apply.
Tiered Interest Rates - Earn higher rates as your balance grows.
FDIC Insured - Your deposits are protected up to the applicable limits.
Convenient Record Keeping - Monthly or quarterly statements make bookkeeping simple.
The Perfect Balance of Growth and Flexibility
Freedom to Move Your Money
Write checks, make withdrawals, or transfer funds whenever your business needs. Pay vendors directly from your money market account or move cash to checking when it’s time to cover expenses.
Earnings That Never Sleep
Your balance works for you around the clock with daily compounding interest. As your account grows, higher balance tiers automatically boost your rate so you’re always earning the best possible return for where you’re at.
Practical for Real-World Business Needs
Set aside funds for quarterly taxes and let them earn until payment day. Grow your equipment budget until you’re ready to buy. Keep opportunity capital close at hand but still working. Perfect for money that needs to stay flexible but should not sit idle, whether it’s your winter equipment fund or the cash you’re building for that spring expansion.
The Local Advantage
When you need to make changes or get answers, you’ll speak directly with someone who understands your market. No explaining your seasonal swings to a stranger in another state. You will get quick, informed help from your local banking partner.
Looking for more ways to grow your business funds?
We also offer High-Yield Business Savings Accounts and Business CDs, each with unique advantages. A high-yield savings account gives you competitive rates with easy access to your money—ideal for earning more on your reserves without locking them in. Business CDs, on the other hand, provide fixed rates for guaranteed returns over a set term, making them perfect for planned goals or long-term growth. Whatever your strategy, we can help you find the right fit for your balance, timeline, and business needs.
Want to learn more about First Fed business services?
Set up a free consultation with one of our local bankers.
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First Rate Money Market Rates
Apply Now (opens in a new tab) (this link will show a message before it opens)| Balance | Interest Rate | APY* | Method of Compounding | Minimum Balance to Earn APY |
|---|---|---|---|---|
| $0.00 - $999.99 | 0.01% | 0.01% | Daily | $0.00 |
| $1,000.00 - $9,999.99 | 0.05% | 0.05% | Daily | $1,000.00 |
| $10,000.00 - $49,999.99 | 0.05% | 0.05% | Daily | $10,000.00 |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% | Daily | $50,000.00 |
| $100,000.00 or more | 0.15% | 0.15% | Daily | $100,000.00 |
Interest Rates Effective: 12/12/2025
Revised: 12/11/2025
*Annual Percentage Yield assumes principal and interest remain on deposit for one year at the same interest rate. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened. Minimum opening deposit of $1,000.00. Early closing fee of $15 if account is closed within 90 days of opening.
Madrona Business Money Market
| Balance | Interest Rate | APY* | Method of Compounding | Minimum Balance to Earn APY |
|---|---|---|---|---|
| $0 - $99,999.99 | 0.25% | 0.25% | Daily | $1 |
| $100,000 - $249,999.99 | 2.66% | 2.70% | Daily | $100,000 |
| $250,000 and up | 2.71% | 2.75% | Daily | $250,000 |
Interest Rates Effective: 12/12/2025
Revised: 12/11/2025
*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. $15 closing fee if closed in the first 90 days. Fees could reduce earnings. Interest rates for the above accounts may change after account is opened. Minimum deposit to open is $10,000. No maximum.