Personal banking
Money Market Accounts
A savings account with a tiered rate and the flexibility of check writing and debit card access, designed for larger balances.
Tiered rates
Balances over $25,000 earn a higher rate. Tiers are applied to the whole balance, not just the excess.
Check and card access
Write checks and use a debit card without giving up the savings rate.
Account protection
A transfer PIN and email verification protect every outgoing payment.
At a glance
- Opening deposit
- $2,500 minimum, which is also the balance that avoids the monthly service fee
- Access
- Checks and a debit card
- Withdrawals
- Six free withdrawals or transfers by check or card each month
- Deposits
- Unlimited
- Overdraft
- Can be linked to checking for overdraft protection
Who a money market account suits
It works well as the home for an emergency fund or a large purchase you will make within a year: better return than checking, more access than a certificate of deposit.
- $2,500 minimum opening deposit
- Six free withdrawals or transfers by check or card per month
- Link to checking for overdraft protection
Compare your options
If you will not need the money for a fixed period, a certificate of deposit may pay more. If you want the flexibility to withdraw, high-yield savings has no minimum balance.
- Compare on the Rates page
- Ask for a review at any branch
- Move money between products online
When a money market account fits
It works well when you want a better return than checking and more flexibility than a certificate of deposit.
- An emergency fund you may need to reach quickly
- Money set aside for a purchase within the year
- A place for a windfall while you decide what to do next
How the tiers work
Your whole balance earns the rate of the tier it falls into on each day. Move above $25,000 and every dollar earns the higher rate, not only the amount over the line.
- Tier changes take effect the same day
- The current rate for each tier is on the Rates page
- Rates are variable and can change
Open a money market account
- 1
Confirm it fits
Money market accounts suit larger balances you want to keep accessible.
- 2
Open online
Add the account from online banking and choose an account to fund it.
- 3
Deposit at least $2,500
The opening deposit and the balance that avoids the monthly service fee are the same.
- 4
Use it your way
Write checks, use the debit card and add money at any time.
Frequently asked questions
Quick answers about money market accounts.
What is the minimum balance?
How are tiers calculated?
Can I add money any time?
How is this different from a savings account?
What if my balance falls below $2,500?
Can I have both a money market and a savings account?
Ready to get started?
Open an account online in about ten minutes, or talk to us first. You will need your address, date of birth and an email address.