Non-Profit Business Money Market

Every penny counts for your cause

Designed specifically for not-for-profits of all sizes, this interest-bearing account helps your organizations' money work harder. With just a $50 minimum deposit to open a Non-profit Business Money Market account, you’ll enjoy competitive variable interest rates, 24/7 access to your account with Corporate Online Banking and a companion Non-profit Checking. Plus, you get six pre-authorized, automatic or telephone transfers per statement period from your account to another Salem Five deposit accounts or another financial institution, including overdraft sweeps, and no monthly fee with a minimum average daily balance of $10,000.


Other Articles of Interest

Business Basics

Figuring Out The Pricing Puzzle

"Everything has a price, as the saying goes, but a lot of people struggle with figuring out what the right price is," responds Brodksy.

Business Basics

Using Credit Cards the Right Way

If you operate a business, there are a million different things you need to manage and take care of on a daily basis. Unfortunately for many, managing your business credit rating, and in turn, your business credit cards, often gets pushed to the back of that list. But to succeed as a company, it is imperative to make sure your business is as reputable to creditors as it is to customers and vendors.

Management

Keep Exposures Covered

If you don't pay attention to your insurance coverages, you're missing out on the opportunity to save money and ensure that you're protected as well as you should be. If you don't account for structural property changes and even increases and decreases in business, you may be doing yourself more harm than good. An annual insurance assessment is one of the best ways to mitigate risk.