Money Market Deposit Accounts

Take advantage of great rates and savings that add up.

 

Features

 

• Interest Earning1
• 24/7 Access with Online and Mobile Banking
• e-statements

Personal Money Market

Minimum deposit to open

$500

Monthly maintenance fee

$10*

Account Transactions per Month 

6**

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

**$10 fee per transaction beyond 6 transactions per month.

 

Tier

Minimum Balance to Open and Obtain APY1

Interest Rate

APY1

MMDA Balance Tier 1

$500

$49,999.99

0.20%

0.20%

MMDA Balance Tier 2

$50,000.00

$99,999.99

0.35%

0.35%

MMDA Balance Tier 3

$100,000.00

$249,999.99

0.40%

0.40%

MMDA Balance Tier 4

$250,000.00 and above

0.50%

0.50%

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Premium Personal Money Market

 

• Complimentary orders of up to 50 standard checks per year
• No fee for the first six official checks per year

Minimum deposit to open

$100,000

Monthly maintenance fee

$10*

Account Transactions per Month 

6**

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

**$10 fee per transaction beyond 6 transactions per month.

 

Tier

Minimum Balance to Open and Obtain APY1

Interest Rate

APY1

MMDA Balance Tier 1

$500

$49,999.99

0.25%

0.25%

MMDA Balance Tier 2

$50,000.00

$99,999.99

0.40%

0.40%

MMDA Balance Tier 3

$100,000.00

$249,999.99

0.45%

0.45%

MMDA Balance Tier 4

$250,000.00

and above

0.50%

0.50%

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Hi-Yield Advantage Money Market

Minimum deposit to open

$500

Monthly maintenance fee

$15*

Account Transactions per Month 

6**

*Monthly maintenance fee waived with $500 minimum daily balance maintained.

**$10 fee per transaction beyond 6 transactions per month.

 

Tier

Minimum Balance to Open and Obtain APY1

Interest Rate

APY1

MMDA Balance Tier 1

$500

$4,999.99

0.25%

0.25%

MMDA Balance Tier 2

$5,000.00

$74,999.99

0.40%

0.40%

MMDA Balance Tier 3

$75,000.00

$149,999.99

0.45%

0.45%

MMDA Balance Tier 4

$150,000.00

$250,000.00

0.45%

0.45%

MMDA Balance Tier 5

$250,000.01 and above

0.50%

0.50%

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1APY refers to Annual Percentage Yield and is accurate as of 12/22/2020. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. The account requires a minimum opening deposit based on tier and APY and is listed above. Rates may change at any time without prior notice, before or after the account is opened. State Bank of India (California) limits the number of withdrawals and transfers from this account to a total of six (6) per monthly statement cycle. If you exceed these limits you will be charged a $10 fee for each instance. Fees and charges may reduce the earnings. For further information about terms and conditions, see the Personal Banking Schedule of Fees and Charges and Terms and Conditions of Your Account, call toll-free 1.877.707.1995 or visit a location near you.

 

 

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