Premium Money Market Savings
This account is popular for customers who want a hassle-free savings account. Make deposits from an account at Webster or an external account – whatever works best for you.
Key features and benefits of Premium Money Market Savings:
- Tiered interest rates – get better rates for bigger balances
- Convenient Online Banking
- Greater peace of mind with FDIC Insurance
- Minimum opening balance of $1,500
- Maintain a $2,500 minimum daily balance to waive the monthly service charge of $12.00
Federal regulations limit the number of transfers and electronic payments from a money market account to a maximum of six (6) per statement cycle from the following categories: preauthorized transfers, including overdraft protection; telephone transfers; and electronic transactions, including WebsterOnline transactions, Checks, Check Card payments to third parties, Automated Clearing House (ACH) transactions and wire transfers. A per item fee will be deducted from your account if you exceed this limit.
|Rate Tiers||Interest Rate||Annual Percentage Yield (APY)|
|$0 - $9,999||0.01%||0.01%|
|$10,000 - $24,999||0.02%||0.02%|
|$25,000 - $49,999||0.02%||0.02%|
|$50,000 - $99,999||0.02%||0.02%|
|$100,000 and up||0.02%||0.02%|
The Annual Percentage Yields (APY) are accurate as of 07/14/2017 and may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings.