Summit Money Market
Sit back and watch your money grow with a Summit Money Market account! In a Summit account, your funds earn at a higher rate while remaining liquid for easy access. You also enjoy tiered interest rates - the more you save, the more you earn.
- Avoid a $10 monthly maintenance fee by maintaining a $25,000 minimum daily balance
- Avoid a $3.00 print statement fee by enrolling in online E-Statements
|Annual Percentage Yield1||Paid on qualifying balances|
|0.30% APY1||Paid on balances under $25,000|
|0.50% APY1||Paid on balances of $25,000 to $49,999.99|
|4.07% APY1||Paid on balances of $50,000 to $99,999.99|
|4.07% APY1||Paid on balances of $100,000 to $249,999.99|
|4.07% APY1||Paid on balances of $250,000 to $999,999.99|
|4.07% APY1||Paid on balances $1,000,000.00 to $2,999,999.99|
|4.07% APY1||Paid on balances $3,000,000.00 and over|
Important Balance Information
If the daily balance is less than $25,000, the interest rate on the entire account balance will be 0.30% with an annual percentage rate of 0.30%. If the daily balance is more than $24,999.99, but less than $50,000, the interest rate paid on the entire balance of the account will be 0.50% with an annual percentage yield of 0.50%. If the daily balance is more than $49,999.99, the interest rate paid on the entire balance in the account will be 4.00% with an annual percentage yield of 4.07%.
1Annual Percentage Yield (APY) is valid as of . This is a variable rate and subject to change at any time after account opening. Each tier shown reflects the daily minimum collected balance required to obtain the applicable APY. Fees could reduce account earnings. Rates apply for personal accounts only. There is no minimum amount required to open account. See account disclosures for transaction limitations. FDIC limits apply. Please visit www.fdic.gov to make informed decisions about your deposit coverage, or, visit one of our branches and talk to one of our bankers or call 1-800-280-0123.
Included with Your Account
Your deposits are FDIC insured up to $250,000 per depositor. More FDIC protection may be available by having more than one type of account ownership. For example, individual and joint accounts are insured separately as long as requirements are met, so you can have up to $250,000 in coverage in each account.