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Grow Your Savings with confidence! Bank Five Nine’s money market accounts combine great rates with flexibility, helping you grow your savings faster without locking away your money.
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Interest is calculated on the entire balance each day at the rate in effect for that balance tier.
An open and active consumer checking account is required to maintain a Relationship Money Market account. An active consumer checking account is defined as an account which has activity consisting of either a recurring, monthly direct deposit credit (an ACH credit) in a single amount not less than $250 or five (5) signature based debit card transactions within any 45 day period. If the requirements of the active checking account are not met, we reserve the right to terminate the introductory rate prior to the 180th calendar day and rates will revert to the standard rates. If requirements are met, introductory rates are guaranteed for 180 calendar days after account opening. On the first business day following the 180th calendar day after account opening, rates will revert to standard rates and are subject to change at any time. Each Relationship Money Market account and consumer checking account can have no more than one (1) linked relationship. One Relationship Money Market account per household (physical, residential address). You cannot open a Relationship Money Market account if any owner or signer has previously been an owner or signer on a different Bank Five Nine Relationship Money Market or prior Money Market Special account within the past three (3) years. Cannot be opened with money currently on deposit at Bank Five Nine. Maximum new money deposit of $250,000. Applicable to Wisconsin residents and consumer accounts only.
We may change the interest rate on the account at any time. No bank penalty for early withdrawal. Withdrawals from IRA products before age 59½ may be subject to additional IRS taxes and penalties; consult your tax advisor regarding the tax implications. Certain retirement accounts are insured by the FDIC separately from non-retirement funds you may have on deposit with Bank Five Nine.
Account Type | Minimum Dollar Amount to Open Account | Minimum Dollar Amount to Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
---|---|---|---|---|
First Rate Money Market* (Consumer) | $2,500.00 | $0.01 – $2,499.99 $2,500.00 – $14,999.99 $15,000.00 – $49,999.99 $50,000.00 – $99,999.99 $100,000.00 – $249,999.99 $250,000.00 – above | 0.04% 0.10% 0.15% 0.20% 0.25% 0.30% | 0.04% 0.10% 0.15% 0.20% 0.25% 0.30% |
Relationship Money Market** | $15,000.00 | Introductory Rate Tiers $0.01 – $14,999.99 $15,000.00 – above Standard Rate Tiers $0.01 – $2,499.99 $2,500.00 – $14,999.99 $15,000.00 – $49,999.99 $50,000.00 – $99,999.99 $100,000.00 – $249,999.99 $250,000.00 – above | 0.10% 2.47% 0.04% 0.20% 0.30% 0.40% 0.50% 0.60% | 0.10% 2.50% 0.04% 0.20% 0.30% 0.40% 0.50% 0.60% |
IRA Money Market*** | $100.00 | $0.01 | 0.10% | 0.10% |
Statement Savings | $50.00 | $0.01 | 0.04% | 0.04% |
Smart Savings | $50.00 | $0.01 | 0.04% | 0.04% |
Elite Savings | $100.00 | $0.01 | 0.10% | 0.10% |
Good Savers Savings | $25.00 | $0.01 | 0.04% | 0.04% |
Health Savings Account* | $50.00 | $0.01 – $2,499.99 $2,500.00 – $9,999.99 $10,000.00 – above | 0.04% 0.06% 0.08% | 0.04% 0.06% 0.08% |
Bank Five Nine Routing #: 075902421
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