Northeast Money Market Savings

Northeast Money Market Savings

Summary

Once you've built up a sizeable sum, you're ready to take your savings to the next level. A money market account lets you earn tiered rates -- which means, the higher your balance, the higher your rate.

Higher rate tiers start at $10,000. If your balance drops below $10,000, you will still earn interest, but at the Northeast Savings account rate for that month. When your balance increases to the higher rate tier again, you will go back to earning higher rates.


Details:

  • Money market savings account
  • Earn competitive tiered rates
  • No minimum balance to earn interest
  • Rate tiers greater than regular savings start at $10,000
  • Rates are subject to change weekly
  • Interest accrued daily and paid quarterly
  • No minimum opening deposit required
  • Maintain $50 minimum balance to avoid $5 quarterly basic fee
  • Limit of 6 telephone transfers, online banking transfers and/or pre-authorized withdrawals per month
  • Service charge of 50¢ per withdrawal after 18 withdrawals in a quarter
  • May be converted to a regular checking account for excessive withdrawals
  • Quarterly statement for easy record-keeping
  • Free NetTeller online banking
  • Free eStatements
  • $20 early account closing fee if account closed within 3 months of opening

See our current rates