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Money Market Savings
Money Market Savings Account
Whether it's to provide a ready source of cash or a cushion against emergencies, a money market savings account should be a part of every portfolio. Open a new account with a minimum of $75,000 and earn 2.50% APY.*
Open This Account Open Money Market Savings
Open This Account Open Money Market Savings
     Here's what you get:
  • Tiered interest rate
  • Interest is compounded and credited monthly
  • Open with a minimum deposit of $10
  • Free check imaging (or check safekeeping available)
  • Check writing capabilities (3 per statement period)
  • Free Online Banking
The benefit to you
Sovereign Money Market Savings gives you fast access to your savings and a higher rate of interest compared to traditional savings accounts.

The costs you will incur
There is a $5 monthly account maintenance fee if your average daily balance is below $2,000.

What you need to proceed
Opening a Money Market Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
  • Social Security Number
  • Current address and prior address if you have lived at your current address for less than two years
  • Driver's license number
  • School/employment information
  • Phone number and email address
The benefit to you
Sovereign Money Market Savings gives you fast access to your savings and a higher rate of interest compared to traditional savings accounts.

The costs you will incur
There is a $10 monthly account maintenance fee if your average daily balance is below $1,000.

What you need to proceed
Opening a Money Market Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
  • Social Security Number
  • Current address and prior address if you have lived at your current address for less than two years
  • Driver's license number
  • School/employment information
  • Phone number and email address
The benefit to you
Sovereign Money Market Savings gives you fast access to your savings and a higher rate of interest compared to traditional savings accounts.

The costs you will incur
There is no monthly account maintenance fee.

What you need to proceed
Opening a Money Market Savings account is fast and easy. To open an account, you'll need to provide the following information for each person named on the account:
  • Social Security Number
  • Current address and prior address if you have lived at your current address for less than two years
  • Driver's license number
  • School/employment information
  • Phone number and email address
Additional products you may be interested in
Online Banking
Checking Accounts
Visa® CheckCard
Credit Cards
* For balances between $25,000 - $74,999.99, a 2.25% APY is applied. Balances between $10,000 - $24,999.99, a 2.00% APY is applied, and when your balance is $9,999 or less, a 1.00% APY is applied. Annual percentage yields (APYs) effective as of 05/03/08 and are subject to change at any time. Fees may reduce earnings. APY available only on new funds from another financial institution. Personal accounts only.
Access Your Accounts
Next Steps
Open this account online
Call 877.SOV.BANK to speak with a Personal Banking Representative
Find one of our Community Banking Offices
How May We Help You?
Related Resources
Online Banking
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