How money market accounts help nonprofits thrive financially

At UBT, we believe in the power nonprofits have to transform communities and enrich lives. Supporting established nonprofits in their missions — and helping new ones get a strong start — is a responsibility we take to heart. That’s why we reinvest a portion of our profits in nonprofits and empower our employees to support causes that speak to them. (You can read more about our efforts in our annual UBT Community Impact Report.) 

As a trusted community bank, we also have a responsibility to help nonprofits make the most of their financial resources, starting with improving cash flow. 

Why cash flow matters for nonprofits

Cash flow is the lifeblood of any nonprofit organization. It ensures you can cover day-to-day expenses, fund programs, and respond to unexpected needs. However, leaving excess cash in a low-interest checking account can erode its value over time due to inflation. By putting your cash to work in a money market account, you can earn higher interest and maintain your purchasing power.

What is a money market account?

A money market account is a type of account that typically offers higher interest rates while allowing for some spending flexibility. For example, with UBT’s Value Edge Money Market account, you can deposit into the account at any time, and you’re allowed six free debit transactions per statement cycle. (Note that there’s a $25 fee per each additional debit transaction.) Plus, money market accounts are FDIC-insured. That makes this type of account a safe and accessible option for nonprofits looking to grow their cash reserves without taking on significant risk. 

How nonprofits can benefit

A money market account allows nonprofits of all sizes to take advantage of its flexible features and strengthen its financial position by:

• Maximizing earnings: Shift excess funds into a money market account to earn higher, compounded interest over time. Maintaining the required minimum balance ensures you receive the best rates available.
• Maintaining liquidity: Access your funds quickly and easily when needed, making it perfect for managing operational reserves.
• Preserving financial health: Protect against inflation by earning interest, helping your nonprofit retain purchasing power and long-term stability.
• Ensuring financial safety: Rest easy knowing your funds are FDIC-insured, safeguarding your financial foundation.

Take the next step

At UBT, our mission goes beyond banking — we’re here to help your nonprofit thrive. By leveraging a money market account, you can improve cash flow, preserve financial health, and support long-term goals, such as expanding programs or building an operating reserve.

Your nonprofit’s mission is too important to let resources sit idle. Visit your nearest UBT branch or reach out today to explore how we can help you maximize your financial resources and support your nonprofit’s goals.

Guaranteed growth, flexible freedom 

If a money market makes sense for your nonprofit’s financial strategy, now’s a good time to open one — you can earn up to 3.80% APY* for 12 months on balances of $10,000 or more (0.85% APY on balances under $10,000) when you open a new Value Edge Money Market account with UBT with at least $10,000 in new money. This offer is available for a limited time to both personal and business account customers. Click here to learn more.