Money Market Deposit Accounts

Take Advantage of Great Rates and Savings That Add Up

Money Market Deposit Accounts (MMDAs) offer a unique blend of savings and investment opportunities. These accounts provide higher interest rates compared to regular savings accounts while still offering the flexibility to access your funds when needed. With the security of FDIC insurance and the potential for greater returns, MMDAs are an ideal choice for individuals looking to maximize their savings with minimal risk.

Visit a SBIC Branch to Learn More and Explore Your Money Market Options

Money Market Features & Benefits:

• Interest Earning¹
• 24/7 Access with Online and Mobile Banking
• e-statements

Personal Money Market

A personal money market account is a type of savings account that typically offers higher interest rates compared to regular savings accounts. It often requires a higher minimum balance and grants limited check-writing privileges.

Minimum deposit to open

$500

Monthly maintenance fee

$10*

Account Transactions per Month

No restrictions

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

Tier	Minimum Balance to Open and Obtain APY¹		Interest Rate	APY¹
Tier	MMDA Balance Tier 1	$500	$49,999.99	0.15%	0.15%
MMDA Balance Tier 2	$50,000.00	$99,999.99	0.25%	0.25%
MMDA Balance Tier 3	$100,000.00	$249,999.99	0.30%	0.30%
MMDA Balance Tier 4	$250,000.00 and above		0.35%	0.35%

Premium Personal Money Market

A premium personal money market account offers even higher interest rates and additional features compared to standard money market accounts. SBIC premium personal money market accounts also include:

• Complimentary orders of up to 50 standard checks per year
• No fee for the first six official checks per year

Minimum deposit to open

$50,000

Monthly maintenance fee

$10*

Account Transactions per Month

No restrictions

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

Tier	Minimum Balance to Open and Obtain APY¹		Interest Rate	APY¹
Tier	MMDA Balance Tier 1	$500	$49,999.99	0.20%	0.20%
MMDA Balance Tier 2	$50,000.00	$99,999.99	0.25%	0.25%
MMDA Balance Tier 3	$100,000.00	$249,999.99	0.30%	0.30%
MMDA Balance Tier 4	$250,000.00	and above	0.35%	0.35%

Hi-Yield Advantage Money Market

A high-yield advantage money market account provides competitive interest rates and additional balance tier options.

Minimum deposit to open

$500

Monthly maintenance fee

$15*

Account Transactions per Month

No restrictions

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

Tier	Minimum Balance to Open and Obtain APY¹		Interest Rate	APY¹
Tier	MMDA Balance Tier 1	$500	$4,999.99	0.20%	0.20%
MMDA Balance Tier 2	$5,000.00	$74,999.99	0.25%	0.25%
MMDA Balance Tier 3	$75,000.00	$149,999.99	0.25%	0.25%
MMDA Balance Tier 4	$150,000.00	$250,000.00	0.30%	0.30%
MMDA Balance Tier 5	$250,000.01 and above		0.35%	0.35%

¹APY refers to Annual Percentage Yield and is accurate as of 11/01/2023. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. The account requires a minimum opening deposit based on tier and APY and is listed above. Rates may change at any time without prior notice, before or after the account is opened. This is a tiered rate account. You will be paid the stated interest rate only on that portion of the daily balance within the specified tier. Fees and charges may reduce the earnings. For further information about terms and conditions, see the Personal Banking Schedule of Fees and Charges and Terms and Conditions of Your Account, call toll-free 1.877.707.1995 or visit a location near you.

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