TD Bank is the 15^th largest commercial bank in the United States and it has deposits worth more than $142 billion. They offer numerous products to different kinds of customers like individuals, retail and small business, and commercial banking products. One of their popular products is the Small Business Money Market Accounts that come with a high degree of flexibility and good interest rates.

They have four different kinds of money market accounts and they are Business Money Market, Business Premier Money market, Business Savings Money Market and Business Premier Savings Money Market. The initial amount required to open these account is only $25.  The TD bank money market rates for the Business Money Market account is 0.25% for a daily balance of up to $9,999.99 and 0.40% from $10,000 to $24,999.99. The TD bank rates are 0.50% for balances from $25,000 to $49,999.99, 0.60% from $50,000 to $99,999.99 and 0.75% for any amount over $100,000 respectively. The TD interest rates for Business Premier Money Market starts at 0.50% for a daily minimum balance of up to $99,999.99. The rates are 0.70% for balances between $100,000 and $249,999.99 and 0.75% for any balance over $250,000. The TD money market rates for a Business Savings Account is 0.25% for a daily balance of up to $9,999.99, 0.40% for a balance between $10,000 and $24,999.99, 0.50% for a balance between $25,000 and $49,999.99, 0.65% for a balance between $50,000 and $99,999.99 and 0.75% for any balance over $100,000 respectively. The TD Bank account interest rates for Business Premier Savings Money market is 0.50% for a balance up to $99,999.99, 0.70% for a balance between $100,000 and $249,999.99 and 0.75% for any balance over $250,000. These rates are very competitive and this makes them very attractive.

This entry was posted on Tuesday, January 26th, 2010 at 6:51 pm and is filed under TD Bank Money Market Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.