SNB MMDA

Higher Interest and Valuable Perks

A high yield money market account is an account that has a higher interest rate than a traditional savings account, while bringing various other perks and benefits. At SNB Bank, N.A., we understand that you have a need to not only build a sizable savings fund, but to also leverage that capital to generate returns over time.

We are here to help you build up your desired financial security, and do it faster than if you were to put money in a personal savings account. If you are ready to start investing in a savings account that will provide you with added financial stability, then the SNB MMDA account is the right choice for you.

SNB MMDA

  • $500.00 minimum opening deposit
  • No monthly service charge if account maintains a minimum daily balance
  • Minimum balance to obtain interest
Open A MMDA Account

About SNB MMDA

Opening a high yield money market account at SNB Bank, N.A. gives you the opportunity to deposit your money at a trustworthy, secure financial institution and make it work for you. We are proud to provide our customers with competitive interest rates while working with you to help build up your financial stability.

No matter the goals you are trying to achieve or the stage you are at in your life’s journey, we at SNB Bank, N.A. are committed to helping you achieve your financial goals. The first step is to open an SNB MMDA account to build a financial foundation and passively grow your investment.

Frequently Asked Questions

What is a high yield money market account?

A high yield money market account is a type of savings account that offers a higher interest rate than a traditional savings account. The account may have higher minimum balance requirements, but it also offers check-writing and debit card privileges.

Are high yield money market accounts FDIC-insured?

Yes, high yield money market accounts are FDIC-insured, just like traditional savings accounts.

What is the difference between a high yield money market account and a traditional savings account?

The main difference between a high yield money market account and a traditional savings account is the interest rate. High yield money market accounts typically offer a higher interest rate, but also have higher minimum balance requirements.