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 Personal Money MarketA 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.
*Monthly maintenance fee waived with $500 minimum daily balance maintained.
Premium Personal Money MarketA 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
*Monthly maintenance fee waived with $500 minimum daily balance maintained.
Hi-Yield Advantage Money MarketA high-yield advantage money market account provides competitive interest rates and additional balance tier options.
*Monthly maintenance fee waived with $500 minimum daily balance maintained.
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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