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Money Market Accounts

Money Market Accounts
Enhance a Colour, Danbury

Enjoy our highest rates on deposit accounts while maintaining the liquidity you need to cover larger expenses.

Earn interest on your working capital while maintaining convenient access. With an SBD Business Money Market Account, you don't need to choose between earning interest on your capital or being able to access it when you need it. Our Business Money Market Account lets you enjoy the best of both worlds when it comes to your working capital.

  • Competitive tiered interest rates maximize your return on cash reserves
  • Use it as an emergency fund for unexpected business expenses*

*Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft or similar order to third parties are limited to six per statement cycle.

Account Type APY Interest Rate Interest Compounded Interest Credited Minimum Balance
Required
to Open
Minimum Balance
Required
to Open
and Earn APY
Passbook Savings .03% .03% Continuous Monthly $10.00 $5.00
Statement Savings .03% .03% Continuous Monthly $10.00 $5.00
Statement Draw .03% .03% Continuous Monthly $10.00 $5.00
Money Market Savings
$5.00 - $2,499.99 .03% .03% Continuous Monthly $50.00 $5.00
$2,500 - And Up .05% .05% Continuous Monthly $50.00 $2,500.00
Holiday Club Savings * .25% .25% N/A At Maturity $10.00 $10.00
Vacation Club Savings * .25% .25% N/A At Maturity $10.00 $10.00

Rates Effective: March 25, 2019

  • The Interest Rate and Annual percentage yield are variable and may change after the account is opened. 
  • Fees may reduce earnings
  • Rates are accurate as of the date shown above
  • Click on the link provided to see account disclosures and schedule of fees and charges
  • *  Fixed rate Account – Interest rate and APY are fixed until maturity
  • Transaction limitations apply
  • Click here to see account disclosures and service charges that may apply.

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