Tap into 3.74% APY1

Earn over 5X the national average interest rate with a BayFirst Commercial Money Market account.2 Reach your business goals faster with an account that offers maximum growth potential and flexibility.

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Better savings for your business.

Earn up to 3.74% APY1

Earn 3.74% APY (Annual Percentage Yield) on balances of $250,000 or greater.1

Avoid the Fees

Pay no monthly service fee with a minimum daily balance of $1,000.

Insure up to $250,000

With access to additional FDIC insurance protection well into the millions.

Open Now

The more you save, the more you earn.

Earn 3.74% APY1

On balances of $250,000 or greater

Earn 3.24% APY1

On balances between $249,999 - $100,000

Earn 2.75% APY1

On balances between $99,999 - $50,000

Earn 2.24% APY1

On balances between $49,999 - $25,000

Earn 1.75% APY1

On balances between $24,999 - $1,000

Get Started

Save for What's Next for your business.

Enjoy more than just a great rate.

Account Features

  • $1,000 minimum to open
  • Tiered-interest rate based on account balance
  • Six pre-authorized or automatic withdrawals or transfers per statement cycle
  • Unlimited transfers and withdrawals made in person, by mail, or at an ATM

Online & Mobile Banking

  • BayFirst Mobile Banking App
  • 24/7 Online and Mobile Banking
  • Online bill pay
  • Mobile deposit and free eStatements
  • Bank-to-bank transfers
  • eAlerts

Other Benefits

  • Notary services
  • Local customer support through the BayFirst Customer Contact Center
  • Access to over 55,000 free ATMs

Why BayFirst?

For more than 20 years, we've been Here for What’s Next® for businesses in the Tampa Bay area and nationwide. So, if saving for your business is a high priority, our high-yield Commercial Money Market account could make all the difference. Enjoy one of the best commercial money market account interest rates around, access your funds when you need them, and let your hard-earned money go to work for you while you focus on your business.

Find A Location

What's Next? Get started online and open in person.

  • Gather Your Information

    We'll need some basic business information about your business and your government ID. See our FAQs for more information.

  • Open Your Account

    Stop into a banking center or complete our online form to start the process now.

    Get Started

  • Fund Your Account

    Open your account in person with a minimum deposit of $1,000.

Commercial Money Market FAQ

A Commercial Money Market account is a type of savings account specifically designed for businesses. It typically offers higher interest rates than standard savings accounts and allows for limited check-writing and transaction capabilities.

You’ll need to provide your business registration, proof of business address, a certificate of good standing, a government-issued ID, and your EIN (Employer Identification Number). A $1,000 minimum deposit is required to get started.

Yes, our Commercial Money Market account requires a $1,000 daily minimum balance.

This account allows for six pre-authorized/automatic withdrawals or transfers per statement cycle (fees may apply if you exceed the limit of six transactions per month), plus unlimited transfers and withdrawals made in person, by mail, or at an ATM. 

While you can open many other BayFirst accounts online, because of the verification process involved, you will need to stop into a banking center to finalize the opening of a Commercial Money Market account.  Completing our online account opening form to get started does speed up this process.

Yes, deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor. BayFirst also offers access to additional FDIC insurance protection well into the millions for businesses that need it.
1 BayFirst Commercial Money Market: Minimum deposit of $1,000 required to open. You can earn the advertised rate of 3.74% APY (Annual Percentage Yield) on balances of $250,000 or greater. You will earn 3.24% APY on balances of $249,999 to $100,000, 2.75% APY on balance of $99,999 to $50,000, 2.24% APY on balances of $49,999 to $25,000, or 1.75% APY on balances of $24,999 to $1,000. Rate is effective as of 4/14/2025. Rates are variable and are subject to change at the bank’s discretion. Rates are calculated on a daily balance method. Fees could reduce earnings. You may make six (6) transfers/checks from your account each statement cycle, by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. $20 monthly maintenance fee waived with $1,000 minimum daily balance.

2 Based on comparison to the national average Annual Percentage Yield (APY) on interest money market accounts as published in the FDIC National Rates and Rate Caps, accurate as of April 21, 2025.