Money Market Savings

Stow away funds for tomorrow—but keep them close at hand for anything life might bring. 

Earn more with a money market savings account

*APY = Annual Percentage Yield *Offer valid on NEW accounts with a minimum deposit of $100 required to open the account.

*This is a tiered variable rate account. All interest rates and Annual Percentage Yields (APY) are subject to change after the 90-day introductory rate expires. Fees could reduce earnings on the account. Interest rates currently offered on applicable deposit accounts are determined at the bank’s discretion. Interest will accrue on the daily collected balance. Minimum daily balance of at least $0.01 needed to earn the tiered promotional APY. *APY is accurate as of 12/06/24.

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Put more back in your wallet.

Money Market accounts offers a higher interest rate than with regular savings.

Key Features

Coins stacked and dollar icon
Tiered Interest
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Digital Check Writing




What are the Benefits of a Money Market Savings Account?

This type of personal savings account offers the liquidity of a checking account with the interest-bearing benefit of a savings account.

  • FDIC-insured: Safe place to deposit your money with funds insured up to $250,000.
  • Tiered Interest Rate: The higher your balance, the higher your interest rate.
  • No Monthly Fees: Avoid the monthly maintenance fee with a minimum $1,000 balance.
  • Access to Funds: 6 electronic, check, or other debits allowed per month; unlimited ATM or in-person withdrawals.
  • Digital Banking Tools: Access your account online and in our mobile app. View transactions and balance, transfer funds, deposit checks, chat with a Customer Care rep, and more. 

Requirements of a Money Market Savings Account

Learn what is needed to open and maintain a Money Market account.

  • $100 minimum deposit to open
  • Make deposits at any time or set up direct deposit
  • Avoid the $12 monthly maintenance fee by maintaining a minimum balance of $1,000






FAQs

A Money Market Savings Account at West Shore Bank offers the flexibility of a checking account while allowing you to earn interest on your savings. With this account, you can enjoy higher interest rates based on your balance, making it a smart choice for both short-term and long-term savings.

Opening a Money Market Savings Account with us is simple! You only need a minimum deposit of $100 to get started. You can visit your local branch or apply online through our digital banking platform.

This account provides the best of both worlds: liquidity and interest earnings. You can access your funds easily while enjoying a tiered interest rate that increases with your balance. Plus, it’s FDIC-insured, giving you peace of mind knowing your money is safe. The standard limit is $250,000 per depositor, per bank, per ownership category. 

There are no monthly maintenance fees as long as you maintain a minimum balance of $1,000. This means you can save without worrying about extra costs eating into your earnings.

Our Money Market Savings Account features a tiered interest rate system. The more you save, the higher your interest rate will be, allowing you to maximize your earnings over time.

 

You can easily manage your account through our online banking platform or WSB Touch app. This allows you to view transactions, check balances, and transfer funds from the comfort of your home.

Absolutely! You can set up direct deposits to your Money Market Savings Account at any time, making it convenient to grow your savings effortlessly.

To keep your Money Market Savings Account active, just maintain a minimum balance of $1,000. This will help you avoid any monthly fees and continue earning interest on your funds.

Yes! Your funds in a Money Market Savings Account are insured by the FDIC up to $250,000, ensuring that your savings are secure and protected.

For more information, feel free to visit our website or a branch near you. Our friendly staff are always here to answer your questions and help you find the right banking solutions!












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Putting you on the road to retirement.

We can help you customize an investment and wealth management plan unique to your assets, family values, and objectives.