Money Market Savings
The perfect account for larger balances with the ability to earn tiered interest as your savings grows.
- Tiered interest rates¹ that provide a higher return the more you save
- The convenience of check writing or debit card access²
- Free Online/Mobile Banking
- Free Bill Pay
- $100 to open
- Sweep Available³
¹ Interest rates and Annual Percentage Yield (APY) may change in value at banks discretion. Fees may reduce earnings. Rates are subject to change.
² Transfers to another account, or to a third party via any means are limited to 6 per statement cycle. A $15 fee will apply to each debit/check transactions exceeding the limitations.
³ A regular sweep of funds from an Extraco checking account to the Money Market Savings Account. It can also be set up to cover any outstanding non-sufficient funds in a checking account to avoid overdraft service fees.
Certificate of Deposit
Help your money grow by setting a fixed amount aside to draw a fixed amount of interest for a period of time. Benefits include:
- Typically a higher interest rate than Money Market Savings
- Continuous compounding means that interest earned today earns interest tomorrow
- There is no charge to open a CD
Money Market Tiered Interest Rates¹
|Balance up to||Interest Rate||APY|
|$0 - $2,499||0.05%||0.05%|
|$2,500 - $9,999||0.05%||0.05%|
|$10,000 - $24,999||0.10%||0.10%|
|$25,000 - -$49,999||0.15%||0.15%|
|$50,000 - $99,999||0.20%||0.25%|
|$100,000 - $249,999||0.30%||0.35%|
|$250,000 - $499,999||0.35%||0.40%|
|$500,000 - $999,999||0.35%||0.50%|
|$1,000,000 and above||0.35%||0.60%|
¹ Interest rates and Annual Percentage Yield (APY) may change in value at bank's discretion. Fees may reduce earnings. Rates are subject to change. Rates are accurate as of 8/13/2018.
CD Interest Rates
|CD Type||Interest Rate||APY|
1 A minimum of $1,000 required to open a CD and earn the Annual Percentage Yield (APY).
2 A penalty for early withdrawal may be imposed.
3 Rates are accurate as of 8/13/2018.