MONEY MARKET
Get more for your money with the security of fully insured deposits.
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See what BankProv can do for you. Contact our Client Service Team at 877-487-2977, complete the form or visit a branch nearest you to open an account or learn more about our Money Market Accounts.
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Explore BankProv’s Money Market Accounts
|
Minimum Opening Balance
|
Interest Rate
|
Annual Percentage Yield (APY)
|
Minimum Balance for APY*
|
Min. Balance to Avoid Maintenance Fee
|
|
|---|---|---|---|---|---|
| Money Market Account | $10.00 | 0.050% 0.050% 0.050% 0.050% 0.050% 0.100% 0.150% |
0.05% 0.05% 0.05% 0.05% 0.05% 0.10% 0.15% |
$10.00 - $2,499.99 $2,500.00 - $9,999.99 $10,000.00 - $24,999.99 $25,000.00 - $49,000.00 $50,000.00 - $74,999.99 $75,000.00 - $99,999.99 $100,000.00 & up |
$1,500.00 |
| Private Client Money Market Account | $10.00 | 2.614% 3.494% 3.832% |
2.65% 3.55% 3.90% |
$10.00 - $999,999.99 $1,000,000.00 - $9,999,999.99 $10,000,000.00 & up |
$250,000.00 |
| Prestige Personal Money Market Account | $10.00 | 3.784% 4.266% |
3.85% 4.35% |
$0.00 - $999,999.99 $1,000,000.00 & up |
$250,000.00 |
| Business Money Market Account | $10.00 | 0.050% 0.050% 0.050% 0.050% 0.050% 0.050% 0.100% |
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.10% |
$10.00 - $2,499.99 $2,500.00 - $9,999.99 $10,000.00 - $24,999.99 $25,000.00 - $49,000.00 $50,000.00 - $74,999.99 $75,000.00 - $99,999.99 $100,000.00 & up |
$1,500.00 |
| Private Business Money Market Account | $10.00 | 2.614% 3.494% 3.832% |
2.65% 3.55% 3.90% |
$10.00 - $999,999.99 1,000,000.00 - $9,999,999.99 $10,000,000.00 & up |
$250,000.00 |
| Prestige Business Money Market Account | $10.00 | 3.784% 4.266% |
3.85% 4.35% |
$0.00 - $999,999.99 $1,000,000.00 & up |
$250,000.00 |
*Annual Percentage Yields (APY) are effective as of 5/14/2024 and are subject to change at any time. The APY we pay is based on the tier in which your end-of-day balance falls. Fees may reduce earnings.
Why a Money Market Account?
Our Money Market Accounts are suitable for individuals and businesses looking for a safe place to keep their money while earning a higher return than a typical savings account. They provide a balance between earning interest and maintaining access to funds.
Money Market Account Benefits
Competitive Rates
A competitive tiered interest rate that increases with your balance.*
Flexibility
Enjoy easy access to your funds with check-writing and transfer capabilities.
Fully Insured
Accounts are insured through the FDIC up to $250,000 per depositor, and covered in excess by the DIF.
Convenience
Manage your accounts effortlessly with our online and mobile banking services.
Personal Money Market Accounts
Take control of your financial future with our personal Money Market accounts. Designed to offer higher interest rates than traditional savings accounts, our Money Market accounts provide the perfect blend of accessibility and growth potential. Enjoy the security of DIF and FDIC insurance, the flexibility of check-writing privileges, and the convenience of easy transfers. Your money works harder for you, ensuring you reach your financial goals faster.
Business Money Market Accounts
Empower your business with our high-yield Money Market accounts. Our business Money Market accounts are tailored to meet the unique needs of businesses, offering competitive interest rates and the liquidity necessary for managing cash flow effectively. Benefit from higher earning potential on your idle funds while maintaining the flexibility to access your money when you need it. Secure, convenient, and designed for growth—our Money Market accounts are the smart choice for savvy business owners.
Deposits Insured in Full
We’re a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures each depositor to at least $250,000, and DIF insures the rest. The combination of FDIC and DIF insurance provides full deposit insurance on all of your deposit accounts.
No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Learn more about deposit insurance policy at bankprov.com/DIF.