Money Market Accounts

Savings Accounts

The Basics

Money markets are a type of interest-earning savings account that allow you a limited number of transfers or withdrawals each month. The interest rate you receive on a money market account depends on the amount of your account balance.



The Benefits

  • Money Market accounts are FDIC-insured (up to $100,000 in aggregate per all customer accounts)
  • Money Market accounts combine the advantages of an interest-earning savings account with the flexibility of a checking account
  • Money Market accounts offer higher interest rates than many other types of savings accounts

What to Consider

  • Money Market accounts have minimum balance requirements
  • Money Market accounts limit the number of balance transfers you can make each month
  • Money Market accounts limit the number of checks you can write against your account each month
  • Money Market accounts do not have fixed interest rates
  • Money Market accounts require a minimum deposit to open an account
SAVINGS RATES OPEN A SAVINGS ACCOUNT