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Business Tiered Money Market Plus Account

Higher balances let your business earn more interest, and that’s the bottom line.

Higher balances let your business earn more interest, and that’s the bottom line.

Looking for a great place to put your business savings to work? Kearny Bank has got you covered.

Our super-flexible and convenient Business Tiered Money Market Plus account lets you earn more interest as your balance grows, and you can access your money whenever you need to. With three different interest tiers based on your balance, maximizing your earnings is easy.

Plus, we only charge interest on the part of your balance that falls into each tier, so you'll have a range of APYs for the middle tiers. Ready to get started?

The dollars of interest earned annually and the corresponding APYs based on the current rates are listed below.

  • How are your APYs calculated?
    • For Tier 1, you earn no dollars in interest annually, so the APY is 0.00%
    • Tier 2, you may earn as little as $0.01 in interest annually (for a balance of $100,000.00) or as much as $50.00 of interest annually (for a balance of $199,999.99). As a result, the APY will range from 0.00% to 0.03%.
      • Why? Because there is no interest earned for the first $99,999.99, you may only earn interest on the additional $99,999.99 in that range, not the total balance of $199,999.99. This will also affect the next tier.
    • For Tier 3, you may earn as little as $50.00 in interest annually (for a balance of $200,000.01 or as much as $1,650.00 of interest annually (for a balance of $999,999.99). As a result, the APY will range from 0.03% to 0.17%.
    • For Tier 4, the highest APY is calculated using the maximum balance to show the dollars of interest that can be earned for the top tier. In this case a $5,000,000.00 balance may earn $9,650.00 annually.
    • Note that the APY is still lower than the interest rate as you are not earning any interest on the first $99,999.99 of your balance
    • Fees could reduce earnings
    • Maximum allowable account balance is $5,000,000
    • Account can only be opened with funds from outside Kearny Bank (new money only)
    • Kearny Bank reserves the right to limit or return balances
    • Transaction limits as set by law apply

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Tier Dollar tiers Interest Rate Interest Earned Annually for Each Tier Total Interest Earned Annually Annual Percentage Yield (APY)
Tier 1 $0.01 - $99,999.99 0.00 $0.00 $0.00 0.00
Tier 2 $100,000.00 - $199,999.99 0.05 $0.01 - $50.00 $0.01 - $50.00 0.00 - 0.03
Tier 3 $200,000.00 - $999,999.99 0.20 $50.01 - $1,600.00 $50.01 - $1,650.00 0.03 - 0.17
Tier 4 $1,000,000.00 - $5,000,000.00 0.20 up to $8,000.00 up to $9,650.00 0.17 - 0.19

The Annual Percentage Yields (APYs) are effective 06/01/2023. Rates may change after the account is opened. 

Kearny Bank Business Debit Mastercard®

Use your Debit Mastercard to make everyday purchases anywhere Mastercard is accepted, and purchase payments will be deducted directly from your account. Your card can also be used at any ATM to get cash, check balances or make transfers.

SecureAlerts: Establish alerts for instant access to purchase activity. Alerts can be set via our mobile app or Online Banking.

Mobile Wallet: Add your Kearny Bank Debit Mastercard to your mobile wallet for faster purchases in-store, online and in-app.

Customized Usage Control: Reduce debit card fraud, set spending limits, monitor and manage your card through our mobile app.

Lost or Stolen Business Debit Mastercard

If your Kearny Bank Business Debit Mastercard is lost or stolen, call us immediately, or control your card via your Mobile Banking app. During business hours, call 800-273-3406. After business hours, call our afterhours hotline at 800-472-3272.

CardValet for Business

Stay in control of your business debit card with CardValet. Turn your business debit card on or off from the CardValet mobile app and have peace of mind that your account is protected.

See details about your account, set alert preferences, allow and limit transactions based on your geographical location, limit card usage based on merchant type and establish spending limits.

Important Information for Our Clients

Be on the lookout for ATM skimming. Skimming occurs when criminals attach electronic devices to the card slots of ATMs to capture card numbers and personal identification numbers (PINs).

At Kearny Bank, we strongly encourage our ATM cardholders to periodically change their PINs to protect against fraudulent use of captured card numbers and PINs. You can easily change your PIN by calling 800-992-3808 at any time, day or night.

Overdraft Protection Options

Automatic Transfer
Anyone can make a mistake. With Kearny Bank’s automatic transfer program you can avoid bounced checks and associated overdraft fees by linking your Kearny Bank savings account to your money market account. In the event you are overdrawn funds will be automatically withdrawn from savings. There is no fee unless a transfer occurs.


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