Last Updated: 04/18/2025
Mercury Business Savings Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.001%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Mercury Business Savings Accounts Review
Mercury Business Savings Accounts is offered by Mercury Technologies, Inc, a financial services company founded in 2017 and based in San Francisco, CA. Mercury Business Savings Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.001%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Mercury Business Savings Accounts does not charge fees on ATM transactions .
Mercury Business Savings Accounts Pros & Cons
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Mercury Business Savings Accounts FAQ
Are business savings accounts from mercury tecnologies federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Mercury Technologies, Inc offer a signup bonus?
Mercury Business Savings Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Mercury Business Savings Accounts?
There is no minimum deposit to open a Mercury Business Savings Accounts.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Mercury Business Savings Accounts offer?
Mercury Business Savings Accounts offers an APY of 0.001% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Business savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Mercury Business Savings Accounts charge?
Mercury Business Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Mercury Business Savings Accounts offer?
This savings account includes the following features:
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Mercury Business Savings Accounts?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Mercury Business Savings Accounts?
The customer support email for Mercury Business Savings Accounts is support@mercury.com.
Is Mercury Business Savings Accounts legit?
Mercury Technologies, Inc was founded in 2017; it is a well-established company that has been in business for 9 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed