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Get more with a Money Market!
The money you set aside shouldn’t just be sitting around and collecting dust! You’re working hard, so it should be too. Our Money Market Account is made for bigger returns on those higher balance amounts, while still giving you the freedom to use it when needed—so you can go after those can’t-miss opportunities that just pop up.
Business Money Market Benefits
Don’t limit your growth.
If you’re saving more, you’re earning more—with no limits on withdrawals or transfers using any method!
Just $5 to open
A $5 deposit is all it takes to set up your account and get the growing going!
No maintenance fees
With no fees for upkeep at any amount, your money is always moving you in the right direction.
Dividends above $10,000
When you need a savings rate that matches your business’s growth, we’ve got you covered.
Business Money Market Account Details
Boost your biz
Save like a CD. Spend like checking. And make the most of your cashflow.
- $10,000 minimum balance to earn dividends
- No monthly maintenance fee
- Dividends compounded daily and paid monthly
- Monthly statements with e-activity, quarterly otherwise
- Available for non-profit organizations
- NCUA Federally insured up to $250,000
- Additional Excess Share Insurance (free of charge) up to $100,000
- Just $5 to open
Credit Union Business Account Opening Requirements
Start here
To make opening your business account as quick and easy as possible, please see the info below for required documentation.
Eligible Business Types
As a Michigan Credit Union dedicated to supporting our local communities, we’re proud to serve both businesses and non-profits across the state of Michigan, including:
- Sole Proprietorships
- Limited Liability Companies (LLCs)
- Partnerships
- Corporations
- Non-profits & Associations
Required Documents
Collect these ahead of time to make things easy!
- Business formation documents (e.g., Articles of Incorporation, Articles of Organization)
- Employer Identification Number (EIN) or Social Security Number for sole proprietors
- Operating agreement (for LLCs)
- Partnership agreement (for partnerships)
- Non-profit determination letter (for non-profits)
For complete details, see our Business Account Opening Checklist!
oras credit union Business Money Markets
Open a Business Money Market Account
Getting started is easy—just send us a message or give our business team a call.
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All Business Accounts
Business accounts you can count on
We do it all when it comes to the businesses that keep Michigan going. From simple, no-sweat savings to checking with built-in payroll power, and money markets that make every dollar count, we’re here to handle whatever you can throw at us.
Frequently Asked Questions
Business Money Market FAQ
At orsa, every question is a good question.
A Business Money Market Account is a type of savings account designed for businesses that want to grow their funds while maintaining access to cash.
- Your business can enjoy higher interest rates compared to standard business savings, plus the flexibility to write checks.
- It’s ideal for small businesses and organizations that need both security and liquidity.
- That said, if you’re just starting out, you may want to start with our Free Business Checking Account, because a Business Money Market requires a minimum of $10,000 to receive dividends.
Money Markets bring a ton of benefits for everyone from local small businesses to medium and large sized organizations.
- Higher Interest Rates – Earn more on your balance than a traditional business savings account.
- Earn Dividends – compounded daily and paid monthly with a $10,000 minimum balance.
- Check-Writing Capabilities – Maintain liquidity while still earning interest.
- Flexible Access – Withdraw or transfer funds when needed, with minimal restrictions.
- NCUA Insured – Your money is Federally insured up to $250,000 by the NCUA. Similar to the FDIC, the NCUA is for credit unions specifically.
- Courtesy of orsa– Additional Excess Share Insurance (free of charge) up to $100,000.
- No Monthly Maintenance Fee
With a Business Money Market, you maintain a minimum balance to earn higher interest rates and dividends.
Your business can write checks and maintain liquidity, however, there are usually limited transactions per month (typically six) due to federal regulations.
Ideal for businesses that keep a cash reserve but need occasional access to funds.
Why go with a credit union for your business needs?
- Personalized Service: At orsa, you’re not just a number in a database, you’re a member and fellow Michigander. And because we believe that You Are Enuff™, we do everything we can to support our friends and neighbors with a personal touch you won’t find anywhere else.
- Plus, if you need a hand, you can rely on our business team, our Michigan-based Care Center, or the branch that’s right down the street. Contact us!
- Lower Fees: Because we’re a for-impact financial institution, it means we put our members’ success before our profits. That equals lower fees and more money in your pocket.
- Community Focus: Also, as a for-impact financial institution, we’re dedicated to making Michigan a better, stronger place to live, work, and grow. Which means we take your mission of growth just as seriously as you do. See more about our for-impact purpose.
The NCUA (National Credit Union Administration) insures deposits at federally insured credit unions, like us, through the National Credit Union Share Insurance Fund (NCUSIF), while the FDIC (Federal Deposit Insurance Corporation) insures deposits at banks through the Deposit Insurance Fund (DIF).
Both provide up to $250,000 per depositor, per institution, covering savings, checking, and other deposit accounts.
The key difference is NCUA covers credit unions, and FDIC covers banks, but both ensure your money is protected.
Additionally, at orsa, we believe that your money should be your money, so we provide Additional Excess Share Insurance (free of charge) up to $100,000.
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
