Money Market Accounts
Want a competitive return without sacrificing easy access to your funds?
With a Bank5 Connect money market account you can get the financial flexibility you need, with no withdrawal limits or per-check charges. Plus, your deposits are fully insured through our combination of FDIC and DIF insurance. Two great money market account options to choose from.
Reach your full savings potential with a Bank5 Connect money market account:
- No monthly maintenance fees
- Access your account through Online Banking and the Bank5 Connect mobile app
- All deposits are fully insured, even in excess of FDIC limits
- Easy access to customer support, 7 days a week - chat, phone, email, and video support available
- Free first order of checks available by request
- Comes with a VISA® debit card – earn cash back on eligible purchases
Today’s Rates for Bank5 Connect Money Market Accounts
Product | Interest Rate | APY* | Minimum Deposit | Minimum Required to Earn APY* |
---|---|---|---|---|
Accelerator Money Market1 | 4.32% | 4.41% | $5,000 | $5,000 |
Connect Money Market2 | 1.00% | 1.00% | $100 | $100 |
*APY – Annual percentage yield. Rate may change after account is opened. Fees may reduce earnings. Rates effective 11/7/2024.
eStatements notice – There is a $1 per statement, per month fee for Bank5 Connect money market accounts that receive statements through U.S. Mail. Money market accounts that receive eStatements will not incur a fee.
1The interest rate will be based on the one month FHLB (Federal Home Loan Bank Boston) interest rate, as quoted on the last day of the month, minus a margin of 0.60%. Interest rate will be adjusted on the first day of each month. Balances over $1,000,000 will not earn interest. We reserve the right to discontinue this product at any time with 30 days’ notice. Upon discontinuation, account will be converted to a Connect Money Market account, subject to the terms and conditions of that account.
2Balances over $1,000,000 will not earn interest
The Benefits of a Bank5 Connect Money Market Account
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Competitive Rate
Earn 4.41% APY* with an Accelerator Money Market1 account and minimum balance of $5,000.
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Unlimited Protection
Your deposits are 100% insured, even if your account balance is above the standard FDIC limit of $250,000.
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Video Banking
Face-to-face service for your more complicated banking transactions.
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Easy Online Access
Manage your account through online banking or the Bank5 Connect mobile app.
Questions? Browse our FAQs to learn more.