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Last Updated: 10/08/2025

Ponce Bank High Yield Money Market

in Money Market Accounts from Ponce Bank

Last Updated: 10/08/2025

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APY (Annual Percentage Yield)

4.22%(Verified 10/08/2025)

Minimum Balance to Earn APY

$1

Minimum Opening Deposit

Starting at $1

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Ponce Bank High Yield Money Market Review

Ponce Bank High Yield Money Market is offered by Ponce Bank, a bank founded in 1960 and based in Bronx, NY. Ponce Bank Money Market are available in 50 states and Washington, DC.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.22%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1.
  • Small minimum initial deposit. You only need $1 to open an account.

Pros & Cons of Ponce Bank High Yield Money Market

Ponce Bank High Yield Money Market FAQ

Are money market accounts from Ponce Bank federally insured?

No, your Ponce Bank money market accounts are not insured by a federal insurance agency. This means that if Ponce Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Ponce Bank Money Market rates?

Ponce Bank Money Market offers an APY of up to 4.22% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $1. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the fees for Ponce Bank High Yield Money Market?

Ponce Bank High Yield Money Market does not charge a monthly maintenance fee.

What is the minimum balance for Ponce Bank Money Market?

Minimum deposit of $1. You must make an initial deposit of at least $1 to open this account.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does Ponce Bank Money Market offer?

This account does not seem to offer any of the features and perks we track.

What is the customer service phone number?

The customer service number for this account is (718) 931-9000.

What is the support contact email?

The support contact email for this business credit card is contact.center@poncebank.net.

How to open an account with Ponce Bank

  • Visit the Ponce 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.

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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

2244 Westchester Avenue Bronx
Bronx, NY 10462
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM

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