Our Money Market Account is a interest-bearing account that pays you a higher interest rate than a regular savings account. Additionally, you have the ability to write up to 6 checks a month giving you access to your funds should you need them. The Savings Bank offers several tiered rate options depending on the amount you deposit and there’s no monthly fee when you maintain your minimum balance.
- Low minimum opening deposit
- Check writing privileges – up to 6 per month
- No monthly fees if balance remains over the minimum opening deposit
|Rates effective as of 4/1/2020 and offered through 4/7/2020|
Consumer Money Market
|Minimum Opening |
to Earn APY
|Tier 1||$2,500.00||$10.00 - $2,499.99||0.050%||0.050%|
|Tier 2||$2,500.00||$2,500.00 - $9,999.99||0.100%||0.100%|
|Tier 3||$2,500.00||$10,000.00 - $24,999.99||0.200%||0.200%|
|Tier 4||$2,500.00||$25,000.00 - $49,999.99||0.300%||0.300%|
|Tier 5||$2,500.00||$50,000.00 - $99,999.99||0.400%||0.401%|
|Tier 6||$2,500.00||$100,000.00 and over||0.500%||0.501%|
|*APY = Annual Percentage Yield. No interest is accrued on any day that the balance is less than $10.00.
Service fees may reduce earnings on the account. Rates may change without prior notice.