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  Security Savings Bank Money Market Account

Security Savings Bank Money Market Account

in Money Market Accounts from Security Savings Bank · Member fdic

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Security Savings Bank Money Market Account

Unaffiliated

in Money Market Accounts from Security Savings Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.15%
APY Minimum Balance $2,500
Minimum Opening Deposit Starting at $2,500

Security Savings Bank Money Market Account Review

Security Savings Bank Money Market Account is offered by Security Savings Bank, a bank founded in 0 and based in Hills, MN. Security Savings Bank Money Market Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of Security Savings Bank Money Market Account
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
Security Savings Bank Money Market Account FAQ

Are money market accounts from Security Savings Bank federally insured?

Yes, your Security Savings Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Security Savings Bank Money Market Account rates?

Security Savings Bank Money Market Account offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Security Savings Bank Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.15%

What are the fees for Security Savings Bank Money Market Account?

Security Savings Bank Money Market Account does not charge a monthly maintenance fee.

Security Savings Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A

What is the minimum balance for Security Savings Bank Money Market Account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Security Savings Bank Money Market Account offer?

This account includes the following features:

  • Check Writing - Security Savings Bank Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Security Savings Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Security Savings Bank Money Market Account allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Security Savings Bank Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

How to open an account with Security Savings Bank

  • Visit the Security Savings Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   116 County Road 6
    Hills, MN 56138
  •   Visit Site

Other Services by Security Savings Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $2,500
Minimum Balance to Avoid Monthly Fee $0
Minimum Opening Deposit Starting at $2,500
Monthly Fee $0
Bank Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
  • Check Writing
APY (Annual Percentage Yield) 0.05% - 0.15%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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