Premier Money Market Account
Whether you’re planning a special vacation or preparing for the unexpected, the Premier Money Market savings account may be the ideal option providing flexibility while helping you achieve your savings goal. Only a $10,000 opening deposit is required.
- Guaranteed high fixed interest rate for the first 6 months.1
- With tiered variable interest rates, higher balances will earn competitive returns after the initial 6 months – See Today’s Competitive Rates.
- Safety and security of FDIC insurance.2
- Convenient and easy access to your money through Online and Mobile Banking, as well as a free standard order of checks.3
- All of the benefits of a Premier Banking checking account are also available, as it comes with your Premier Money Market Savings account.
- We’ll waive the $10 monthly maintenance fee in any monthly statement cycle when you maintain a $10,000 minimum daily ledger balance.
- A Premier or Private Banking checking account is required to open a Premier Money Market savings account.
- Free Online and Mobile Banking.
- Free standard Money Market Savings checks (1 order per calendar year).
- Convenient method to save - Set up auto transfers to your Money Market account from your Sandy Spring Bank Premier Banking checking account. 3
- Free access to your account at more than 55,000 ATMs in the Allpoint network.
- Receive free paper or electronic statements – you can also combine your Premier Banking checking and Money Market accounts to receive a single statement.
1 Annual Percentage Yield (APY) as of 6/20/18. This is a variable rate account subject to change at any time without notice after the account is opened. During the first 6 months, the account will earn no less than 1.70% APY. At the end of the 6-month guarantee period the APY will be based upon your balance. As of 6/20/18 the APY for corresponding balances is as follows: $250,000 and above: 1.41%; $100,000.00 -$249,999.99: 1.06%; $50,000.00 - $99,999.00: 0.71%; $25,000.00 - $49,999.99: 0.35%; $10,000.00 - $24,999.99: 0.05%; below $10,000.00: 0.00%. Minimum opening deposit is $10,000 in funds not already on deposit with Sandy Spring Bank. Maximum opening deposit is $1,500,000. Fees may reduce earnings. Premier Money Market Savings is only available to clients who maintain/open a Premier, Private, or Signature Banking checking account, or a Commercial or Business checking account. Offer available for a limited time.
2 Please visit www.fdic.gov/deposit for more information about FDIC coverage.
3 By law, certain types of withdrawals are limited. Withdrawals over the limits are excess activity. You may make up to a combined total of 6 withdrawals per monthly statement cycle (or calendar month if you receive a quarterly statement) by either check, draft, debit card purchase or similar order (if available on the account,) telephone, automatic or pre-authorized transfer to another of your accounts with us or to a third party. Such transfers include those made by Telephone Banking, Online Banking, Mobile Banking and transfers from your savings account to cover overdrafts. A $25 excess activity fee will be assessed each time you exceed any of these limits.