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Business Money Market

Invest local, earn more and keep your funds flexible

Send us an email at business@blucurrent.org, give us a call or use our Video Banking to open your business money market account today.

A group of business partners smile as they see how much their business funds have grown in their Business Money Market Account.

Business Money Market Accounts

Put your idle cash to work earning a competitive rate, and access your funds when you need them. You only need a low $2,500 to get started! With no monthly maintenance fees, online & mobile account management, and free checks with new accounts, saving has never been easier. Open a Business Money Market Account today to grow your cash reserves for unexpected expenses or for future business growth.

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Flexible Savings for Southwest Missouri Businesses

No Standard Term: Unlike a certificate of deposit (CD), you don’t have to wait for a maturity date to make withdrawals.
Local Deposits: We're a local organization, and your deposits stay within the community, which benefits the Southwest Missouri economy.
Easy Withdrawls:Conveniently make up to 6 withdrawals per month by writing checks or with online transfers.
Continually Earn Interest: Your account balance grows through the compounding of interest and a competitive rate.

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Two business partners smiling as they open a Business Money Market Account.

A business owner teaching her partner how to manage their Business Money Market Account using online banking.

Strategically Grow Your Business’s Financial Capital

Boost your business savings with a flexible account that provides easy access to your funds while earning a higher APY than savings accounts.

Additional features of our Business Money Market Accounts include:

Online & Mobile Account Management: Easily manage your account online or with your mobile device while you are on the go.
Free Starter Checks: Get 50 free checks when you open a new account.
Peace of Mind: The funds in your Business Money Market Account are insured for up to $2,000,000 through a combination of private and federal coverage.
Competitive APY Grow your balance with a competitive rate for your cash flow needs, to save for a future business expansion, or for unexpected expenses.
No monthly maintainence fees: Your money stays in your account, which helps to maximize its growth potential.

Are you looking for a smarter way to save for the future? Open a Business Money Market Account today to earn more with every dollar.

Launch Request Form

The Best Business Money Market Account Southwest Missouri

Balance	APR^* / APY^**
$2,500.00 - $49,999.99	2.37% / 2.40%
$50,000.00 - $99,999.99	2.62% / 2.65%
$100,000 - $249,999.99	2.86% / 2.90%
$250,000 - $499,999.99	3.20% / 3.25%
$500,000 +	3.44% / 3.50%
To open a money market account, visit one of our branch locations, launch a video banking call, give us a call or message us through online or mobile banking.

View All Rates And Terms Available

Ready to Open Your Business Money Market Account?

Step

Apply

Conveniently apply online, by email, through Video Banking, by phone, or drop by a branch

Step

We Will Contact You

We will let you know when your new account is ready, which is typically within one business day.

Step

Fund Your Account

Deposit at least $2,500 into your account to start growing your savings!

Launch Request Form

What our Members Have to Say

Starting a New Business?

Starting a business can seem challenging and it’s not always easy to know where to begin. To help us assist you, do you know the type of business entity that you are starting?

Have an Existing Business?

If you're an experienced business owner already, and know what type of business entity you have...Click below to learn more about the paperwork required to move forward with a business account at BluCurrent.

A limited liability company is a business structure that protects its owners from personal responsibility for its debts and liabilities.

A sole proprietorship is a non-registered unincorporated business run solely by one individual proprietor with no distinction between the business and its owner.

A Corporation is an independent legal entity owned by its shareholders.

A Non-Profit is a group organized for purposes other than generating profit and in which no part of the organization’s income is distributed to its members.

A Club is an association of people united by a common interest or goal.

A Partnership is an arrangement between two or more people to oversee business operations and share in its profit and liabilities.

Public funds are funds from government entities, such as school district, water district, library district, city, county, and state entities.

Limited Liability Company (LLC)

A limited liability company is a business structure that protects its owners from personal responsibility for its debts and liabilities.

What items are needed to set up an LLC?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your LLC without assistance, there are various resources available to you online.

1. Article of Organization

These are needed to officially register your business name as an official entity with the state of Missouri
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

This is needed to give your LLC a separate Tax Identification Number (TIN).
For more information, see the IRS website: www.irs.gov

3. Operating Agreement

This is the governing document of your LLC. It outlines the business' financial and functional decisions including rules, structure, ownership, operations, regulations, and provisions

4. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Sole Proprietorship

A sole proprietorship is a non-registered unincorporated business run solely by one individual proprietor with no distinction between the business and its owner.

What items are needed to start a Sole Proprietorship?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your sole proprietorship without assistance, there are various resources available to you online.

1. Fictitious Name Filing (if applicable)

This will allow you to conduct business and accept checks to a name other than the sole proprietors name.
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form(if not reporting under your personal SSN)

For more information, see the IRS website: www.irs.gov

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Corporation

A corporation is a type of business entity that is owned by its shareholders. There are two different types of corporations, which are S-Corporations and C-Corporations. A C-Corporation is subject to corporate taxes and has no restrictions on ownership. An S-Corporation is a pass-through entity that reports its profits on the owners’ personal taxes, and ownership is restricted up to 100 shareholders.

What items are needed to set up a Corporation?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your corporation without assistance, there are various resources available to you online.

1. Articles of Incorporation

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Bylaws

4. Corporate Resolution

5. Evidence of Ownership (Stock Ownership or Share Certificates)

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Non-Profit

A non-profit is a group organized for purposes other than generating profit, and in which no part of the organization’s income is distributed to its members. Common examples of non-profits include churches, public charities, and volunteer organizations, among others.

What items are needed to set up a Non-Profit?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your non-profit without assistance, there are various resources available to you online.

1. Articles of Incorporation of a Nonprofit Organization

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. 501c3 paperwork

Tax exempt status letter

4 Bylaws

5. Meeting Minutes

Approving moving to BluCurrent and list of individuals that will be on the account

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Club

A club is an association of people united by a common interest or goal.

What items are needed to set up a Club?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your club without assistance, there are various resources available to you online.

1. Fictitious Name Filing

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Signers Authority List

Outlining who the signers will be on the account

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Partnership

A Partnership is an arrangement between two or more people to oversee business operations and share in its profit and liabilities.

What items are needed to set up a Partnership?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your partnership without assistance, there are various resources available to you online.

1. Fictitious Name Filing

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Partnership Agreement

4. Signers Authority List

Outlining who the signers will be on the account

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Public Funds

Public funds are funds from government entities, such as school district, water district, library district, city, county, state entities, etc.

What items are needed for Public Funds?

NOTE: Confer with an attorney and/or a tax professional for registration purposes.

1. EIN Form

For more information, see the IRS website: www.irs.gov

2. Evidence of Authority

To open account (Resolution, Meeting Minutes, County Commission Record, etc.)

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

A Limited Liability Company is a business entity in which the member(s) of the company are generally not held responsible for the company’s debts or liabilities.

What items are needed to set up an LLC?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your LLC without assistance, there are various resources available to you online.

1. Article of Organization

These are needed to officially register your business name as an official entity with the state of Missouri
For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

This is needed to give your LLC a separate Tax Identification Number (TIN).
For more information, see the IRS website: www.irs.gov

3. Operating Agreement

This is the governing document of your LLC. It outlines the business' financial and functional decisions including rules, structure, ownership, operations, regulations, and provisions

4. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

What items are needed to set up a Corporation?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your corporation without assistance, there are various resources available to you online.

1. Articles of Incorporation

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. Bylaws

4. Corporate Resolution

5. Evidence of Ownership (Stock Ownership or Share Certificates)

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

What items are needed to set up a Non-Profit?

NOTE: Confer with an attorney and/or a tax professional for registration purposes. If you choose to register your non-profit without assistance, there are various resources available to you online.

1. Articles of Incorporation of a Nonprofit Organization

For more information, see the Missouri Secretary of State website:www.sos.mo.gov

2. EIN Form

For more information, see the IRS website: www.irs.gov

3. 501c3 paperwork

Tax exempt status letter

4 Bylaws

5. Meeting Minutes

Approving moving to BluCurrent and list of individuals that will be on the account

6. Fictitious Name Filing (optional)

This item is not required, but is needed if there is a secondary name your business also goes by. For more information, see the Missouri Secretary of State website: www.sos.mo.gov.

If you have any questions and would like to speak to a member of our team click here to contact a BluCurrent Business representative.

Meet The Team

Michael Farrar Kyle Short Chris Pardoe

Michael Farrar

Senior Vice President of Business Services

(417) 851-1502 | business@blucurrent.org | | NMLS: 879796

I began working in financial services in 2001 and came to BluCurrent in 2012. I love serving our members and community with top-of-the-line business products and services to help build better businesses together

Michael Farrar Kyle Short Chris Pardoe

Kyle Short

Vice President of Business Services

(417) 851-1499 | business@blucurrent.org | | NMLS: 2464119

Kyle was born and raised in Springfield, Missouri. For a stint, he spent time living and working in the in Delaware/Pennsylvania area for a nonprofit. Kyle met his wife out east and settled back in Springfield, Mo in 2010. He has a combined 10 years of experience in the nonprofit sector. He entered the financial industry with JPMorgan Chase and transitioned to the credit union in 2010. He has been with BluCurrent ever since working as a member service representative, company trainer, and in 2018 started developing the business deposit department. He enjoys spending time with his wife and 3 kids, and enjoying everything the Ozarks have to offer. With his 15+ years of financial experience, he is ready to serve your commercial deposit and lending needs.

Michael Farrar Kyle Short Chris Pardoe

Chris Pardoe

Manager of Business Services

(417) 851-1499 | business@blucurrent.org |

Chris was born and raised in Waterloo, Iowa. He moved to the Ozarks in 2008 and has lived here ever since. He started in the banking industry with Central Bank of the Ozarks in 2015, and transitioned to BluCurrent in the middle of 2021. He has worked in several positions in his career, ranging from teller/teller supervisor, branch manager, and now currently as the Manager of Business Services. He enjoys spending time with his wife and is looking forward to welcoming his first child in May of next year. He is passionate about using his nearly 9 years of experience in this industry to help local businesses with all their commercial deposit needs.

BluCurrent Credit Union Business Money Market FAQs

Does my business qualify for a business debit card with BluCurrent?

Any business that is an LLC, Sole Proprietor, Corporation (S-Corp or C-Corp), Non-Profit, Partnership, Club, or Public Funds, and is headquartered or has a service location in one of the following counties is eligible: Christian, Greene, Howell, Jasper, Lawrence, Newton, Polk, Stone, Taney, or Webster.

Are my business accounts insured?

Our business accounts are federally insured by the National Credit Union Administration (NCUA) for up to $250,000. Accounts are also covered by Additional Excess Share Insurance (ESI) for up to $1,750,000 for a total of $2,000,000 of coverage per account.

How do Business Money Market Accounts work?

A Business Money Market Account combines features of both a savings and a checking account. It helps you grow your money with a competitive annual percentage yield (APY) while also giving you convenient access to your funds when you need them. The deposit required to open a Business Money Market Account is typically higher than a business savings account because the money market rates are higher.

How is a Business Money Market Account different from a business savings account?

Business Money Market Accounts and business savings accounts are both designed to help businesses grow their savings. However, Business Money Market Accounts typically have higher minimum balance requirements, higher interest rates, and provide more flexible access to your funds.

How can I access my business's funds with a Business Money Market Account?

You can conveniently access your business's funds by writing checks or with online transfers, but withdrawals are limited to six per month per federal regulation.

How often can I make deposits into a Business Money Market Account?

Although Business Money Market Account withdrawals are limited to six per month per federal regulation, you can make as many deposits as you need without restrictions or penalties.

What documents are needed to open a Business Money Market Account?

You'll need proof of your business's legal structure (such as articles of incorporation or an LLC operating agreement), your Employer Identification Number (EIN), and personal identification for the business owner(s).

Can I transfer money between my business checking and Business Money Market Accounts?

Yes, you can easily transfer funds between BluCurrent Business Accounts through online banking or our mobile banking app.

Ready to Take Next Step on Your Business Money Market?

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