Money Market Savings
A Money Market savings account offers a higher interest rate than a regular savings account, plus the liquidity, flexibility and accessibility of a checking account.Who is this product for?
This account is perfect for anyone who wants to earn a higher interest rate than a traditional savings account, while still having access to their money 24/7.
What are the benefits?
- A higher yield on your deposit than a traditional savings account
- Easy access to your money through checks and a Check Card
- Standard Money Market restrictions of six transactions per statement cycle will apply
- A minimum opening deposit of only $50
- No monthly service fees when you maintain a $500 minimum balance
- FDIC-insured up to $100,000 per depositor (How to maximize your FDIC insurance)
- Fees may reduce earnings
How does it work?
All it takes is a $50 minimum opening deposit, and there’s no minimum to maintain. Balances under $500 are subject to a monthly maintenance fee.
How do I get started?
Getting started is easy! We provide two convenient options to open your account:
- Open an account online
- Open an account by phone: 1-866-2GMBANK (1-866-246-2265)

