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Signature Money Market

This account combines the convenience and accessibility of limited check writing with tiered variable rate interest.

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Earn more as your balance grows with premium tiered interest rates with our Signature Money Market Account

Account Type and Minimum Balance to Obtain APY***APY**Interest Rate**Minimum Deposit to Open Account
Above $5,000,000.00 0.25% 0.25% $500.00
$1,000,000.00 to $5,000,000.00 2.00% 1.98% $500.00
$500,000.00 to $999,999.99 1.75% 1.74% $500.00
$100,000.00 to $499,999.99 1.50% 1.49% $500.00
$0.01 to $99,999.99 0.25% 0.25% $500.00

** Current rates will be quoted at the time of opening an account. This is a variable rate account. Your interest rate and APY may change without notice. Interest is compounded monthly and credited monthly. Interest begins to accrue on the day of your deposit. The daily balance method is used to calculate the interest on your account. Interest is paid on the full balance in the account at the rate that corresponds to that deposit tier. You will receive a monthly statement on this account.

*** Daily Balance  is the amount of principal in the account each day. Annual percentage yield assumes interest remains on deposit. Withdrawal of interest will reduce earnings. If the average daily balance drops below $500.00, there will be a monthly minimum balance fee of $5.00. Fees could reduce earnings for any accounts with activity or maintenance fees.

If you close your account before the interest is credited, you will receive the accrued interest to day of withdrawal. 

Government regulations allow up to six (6) pre-authorized transfers per statement cycle by means of a pre-authorized or automatic transfer, or telephonic agreement, order or instruction, or by check, draft, debit card or similar order made by the depositor and payable to third parties.

 

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