Premier Money Market Accounts
Account Rate of 2.85% APY**
No Monthly Service Charges
Minimum balance of $1,000 to open the account and to earn interest
Rate Applies to Existing Money Market Accounts or to New Money Only
Online Banking to Manage Your Accounts
Earn more today!
Modern Bank N.A.
410 Park Avenue
New York, NY 10022
212.323.1100
A Modern Bank Premier Money Market Account has a Rate of 2.85% APY**
Earn more than 12x* the average savings account rate!
Earn 2.85% APY!
Earn more than 12x* the average savings account rate!
Premier Money Market Account Rate of 2.85% APY**
*National Credit Union Administration
**APY is Annual Percentage Yield. Minimum $1,000 average daily collected balance required to earn interest. If the balance falls below $1,000 no interest will be earned. Rates are subject to change. Other terms and conditions may apply.
*** APY is Annual Percentage Yield. Minimum $100,000 average daily collected balance required to earn interest. If the balance falls below $100,000 no interest will be earned. Rates are subject to change. Other terms and conditions may apply.
1. What is a money market account?
Money market accounts generally pay
more interest than regular savings accounts, for customers who do not need as
frequent access to their funds.
2. Why Modern Bank?
At Modern Bank, we’re committed to delivering superior products and services that empower our clients to achieve their individual financial goals for their business, for their family, and for themselves. As entrepreneurs ourselves, we built Modern Bank from the ground-up to deliver creatively tailored solutions that are just as distinct as our clients.
3. Are there fees to open a money market account?
Absolutely not! There are absolutely no fees for the Modern Bank Premier money market account.
4. What is APY?
The annual percentage yield (APY) is the real rate of return earned, taking into account the effects of compounding interest. Compounding interest is calculated periodically and is not added immediately – it is not credited until the end of the
month. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.
Frequently Asked Questions
Account Overview
Account details: Rate of 2.85% APY**
No Monthly Service Charges
Minimum balance of $1,000 to open the account and to earn interest
Rate Applies to Existing Money Market Accounts or to New Money Only
Online Banking to Manage Your Accounts
Need more information?
Start your conversation here
N.A.
High Yield Money Market Accounts
Want to supersize your savings? Look into our HYMM accounts with an Account Rate of 3.35%!***
