How Does a Signature Money Market Account Work?
-
$2,500
Minimum deposit of $2,500 required to open account -
Deposits
First 50 items1 deposited are free each month; $0.50 for each one after 50 -
Dividends
Dividends will accrude every day the account balance is $2,500 or more -
Availability
Access to funds are available anytime they are needed -
No Monthly Maintenance Fee
With a $2,500 daily minimum blance. Monthly fee of $10 if balance falls below the minimum
Account Balance |
Dividend Rate11 |
APY8 |
|---|---|---|
|
Account Balance <$2,500 |
Dividend Rate11 0.00% |
APY8 0.00% |
|
Account Balance $2,500 - $9,999 |
Dividend Rate11 0.40% |
APY8 0.40% |
|
Account Balance $10,000 - $24,999 |
Dividend Rate11 0.40% |
APY8 0.40% |
|
Account Balance $25,000 - $49,999 |
Dividend Rate11 0.40% |
APY8 0.40% |
|
Account Balance $50,000 - $99,999 |
Dividend Rate11 1.98% |
APY8 2.00% |
|
Account Balance $100,000 - $249,999 |
Dividend Rate11 2.47% |
APY8 2.50% |
|
Account Balance $250,000 - $10 MM |
Dividend Rate11 2.96% |
APY8 3.00% |
1 - Item is defined as cash, RDC, checks, or combined ACH
8 - Rates are variable and subject to change. Some tiers may earn the same APY. APY is subject to change based on balance tier. APY is accurate as of 08/01/2023. Dividends calculated by applying the highest rate based on the balance tier to the entire account balance. Minimum opening deposit of $2,500 required. Fees imposed on accounts will reduce actual earnings.
11 - Signature Business Money Market has the following balance tiers and corresponding rates: $2,500-$9,999.99 (0.40% APY); $10,000-$24,999.99 (0.40% APY); $25,000-$49,999.99 (0.40% APY); $50,000-$99,999 (2.00% APY); $100,000-$249,999 (2.50% APY); $250,000-$10MM (3.00% APY). Rates are variable. Some tiers may earn the same APY; APY is subject to change based on balance tier. Dividends calculated by applying the highest rate based on the balance tier to the entire account balance. Minimum balance to open the Signature Business Money Market is $2,500. If balance falls below the minimum, the account will be assessed a monthly minimum balance fee and will earn no interest until the minimum balance requirement is met.