Sovereign Bank

Money Market Savings

Money Market Savings Account
No matter if you choose the stand alone money market savings account or upgrade to our premier account you will have fast access to your savings and the security of FDIC insurance.
Benefits | Account Details 
  • Receive  APY* on balances of $75,000 or more (see account details for additional rates)
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • Free telephone banking
  • No monthly maintenance fee when you maintain a $2,000 average daily balance (otherwise, $5)
  • Tiered interest rates with interest that accrues daily (see account details for rates)
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Premier Money Market Savings Account
If you have a Premier Checking account, you can upgrade to a Premier Money Market Savings and be eligible for valuable money saving features. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  •  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Additional benefits of a Premier Checking account:
  • Exclusive toll-free customer service number
  • .25% rate increase on eligible CDs
  • Additional .25% discount on new secured consumer loans with automatic payment from a Sovereign account
  • No fee for money orders, official bank checks, and regular Traveler's Cheques
  • 50% discount on safety deposit box rentals
Open Premier Money Market Savings  Open Premier Money Market Savings
Benefits | Account Details 
  • Receive APY* on balances $75,000 or more (see account details for additional rates)
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • Free telephone banking
  • No monthly maintenance fee when you maintain a $1,000 average daily balance (otherwise $10)
  • Tiered interest rates with interest that accrues daily, see account details for rates
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Premier Money Market Savings Account
Receive even more benefits when you open a Money Market Savings with a Premier Checking account. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  •  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Additional benefits of a Premier Checking account:
  • Exclusive toll-free customer service number
  • .25% rate increase on eligible CDs
  • Additional .25% discount on new secured consumer loans with automatic payment from a Sovereign account
  • No fee for money orders, official bank checks, and regular Traveler's Cheques
  • 50% discount on safety deposit box rentals
Open Premier Money Market Savings  Open Premier Money Market Savings
Benefits | Account Details 
  • Receive  APY* on balances $75,000 or more (see account details for additional rates)
  • No monthly maintenance fee
  • No minimum balance requirement
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • Free telephone banking
  • Tiered interest rates with interest that accrues daily, see account details for rates
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Premier Money Market Account
Receive even more benefits when you open a Money Market Savings with a Premier Checking account. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  •  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Additional benefits of a Premier Checking account:
  • Exclusive toll-free customer service number
  • .25% rate increase on eligible CDs
  • Additional .25% discount on new secured consumer loans with automatic payment from a Sovereign account
  • No fee for money orders, official bank checks, and regular Traveler's Cheques
  • 50% discount on safety deposit box rentals
Open Premier Money Market Savings  Open Premier Money Market Savings


Learn more about FDIC Insurance
More Safety — More Security
*   annual percentage yield (APY) is available when your balance is $75,000 and above;   APY is applied when your balance is $25,000-$74,999.99;   APY is applied when your balance is $10,000-$24,999.99; and   APY is applied when your balance is less than $10,000. Annual percentage yields (APYs) available for new accounts only, are effective as of November 21, 2009, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $10 is required to open a Personal Money Market Savings account. Personal accounts only. Federal regulations require us to limit to 6 per statement period the number of certain transfers you may make from a money market savings account, including transfers by telephone or using online banking. See your Personal Deposit Account Agreement for details.
**   annual percentage yield (APY) is available when your balance is $75,000 and above;   APY is applied when your balance is $25,000-$74,999.99;   APY is applied when your balance is $10,000-$24,999.99; and   APY is applied when your balance is less than $10,000. Annual percentage yields (APYs) available for new accounts only, are effective as of November 21, 2009, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $10 is required to open a Premier Personal Money Market Savings account. Personal accounts only. Federal regulations require us to limit to 6 per statement period the number of certain transfers you may make from a money market savings account, including transfers by telephone or using online banking. See your Personal Deposit Account Agreement for details.
Available only with a Sovereign Premier Checking or Business Owner Premier Checking account. If your Sovereign Premier Checking or Business Owner Checking account is closed, there is a $10 monthly fee when your balance falls below $10,000.
Not available on mortgages and auto loans obtained through an auto dealer.
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