Business Accounts & Plans
TD Money Market Account
One of the major objectives of an effective cash management program is to invest your money more productively to earn higher interest rates on short-term funds. A TD Money Market Account (MMA) enables you to earn money market rates on your surplus Canadian Dollar or U.S. Dollar funds on a daily basis.
Using the TD online management information system or through your branch, you determine your cash requirements for the day and, after obtaining the current MMA interest rate, invest your surplus cash in the TD Money Market Account.
What a TD Money Market Account Offers You
- A non-chequing account that is linked to your company’s operating account
- Interest calculated daily and posted to your account monthly
- Comprehensive monthly reports which reconcile your interest earned
- An interest rate that is established daily by 9:30 a.m. Eastern Time and available through your office computer or phone, or through your branch
- An account with no transaction fees or monthly maintenance fees
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The Benefits of a TD Money Market Account
- Earn money market rates on surplus overnight funds over $100,000 without having to make arrangements with a money market trader/dealer
- Transfer to and from the Money Market Account conveniently from your office computer using Web Business Banking or through your branch
- Make your own investment decisions, increasing control over the use of your surplus funds
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For more information, contact a Relationship Manager at the Commercial Banking Centre nearest you.
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