Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rateCompare All Money Market Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.10%(Verified 12/12/2024)
Minimum Balance to Earn APY
$1,000
Minimum Opening Deposit
$1,000
Poppy Bank Personal Money Market Account Review
Poppy Bank Personal Money Market Account is offered by Poppy Bank, a bank founded in 2004 and based in Santa Rosa, CA. Poppy Bank Personal Money Market Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.10%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1000.00.
- Charges a monthly fee. This account charges a monthly fee of $10.00, but the fee may be waived if you keep a minimum balance of$1,000.00.
- $1,000.00 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Poppy Bank Personal Money Market Account
| Pros | Cons |
|
|
Poppy Bank Personal Money Market Account FAQ
Are money market accounts from Poppy Bank federally insured?
Yes, your deposits are insured 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 Poppy Bank Personal Money Market Account rates?
| Rates | Amount |
| APY | 0.10% |
Poppy Bank Personal Money Market Account offers an APY of up to 0.10% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $1000.00.
What are the fees for Poppy Bank Personal Money Market Account?
This account charges a monthly maintenance fee of up to $10.00. You can avoid this fee by maintaining a balance of $1,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Poppy Bank Personal Money Market Account?
Minimum deposit of $1,000.00. You must make an initial deposit of at least $1,000.00 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.00.
Interest rate minimum balance of $1,000.00. You must keep the account balance above $1,000.00 to earn interest.
What features and perks does Poppy Bank Personal Money Market Account offer?
This account includes the following features:
- Mobile Banking Services - Poppy Bank Personal Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (888) 636-9994.
How to open an account with Poppy Bank
- Visit the Poppy 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.
Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
Other Services by Poppy Bank
SuperMoney Net Recommendation Score
This product has no reviews yet. Help others by sharing your thoughts.
0
-1000+100
No one recommends
Everyone recommends
Poppy Bank Personal Money Market Account Community Reviews
Would you recommend Poppy Bank Personal Money Market Account to your friends?
There are currently no reviews.
You might also like
Best Money Market Accounts
SuperMoney
Savings vs. Money Market? Which Account Fits You Best?
Jessica Walrack
Should I Open a Savings Account and Why?
Erin Gobler
APR vs. APY: What's the Difference?
Bryce Sanders
How to Recession-Proof Your Finances in 7 Steps
Andrew Latham