Money Market
Premier Money Market and Choice Money Market
Interested in earning higher rates? Premier Money Market and Choice Money Market allow you to earn a competitive interest rate while keeping funds liquid.
Details & Benefits
- Higher interest rates than traditional savings
- Manage money 24/7 with online, mobile, and telephone banking
- Easily transfer money between Brentwood Bank checking and money market accounts. Up to six transfers out of your account per statement cycle.
- Avoid monthly fees with a $5,000 daily minimum balance for Premier Money Market or with $25,000 minimum daily balance for Choice Money Market
- $25,000 in new money required to open Choice Money Market
Money Market Rates
| Account Name | Minimum to Open | Minimum Daily Balance to Earn Interest | APY1 |
|---|---|---|---|
| Account Name Premier Money Market |
Minimum to Open $50 |
Minimum Daily Balance to Earn Interest $1 |
APY1 0.10% |
| Account Name Choice Money Market2 |
Minimum to Open $25,000 |
Minimum Daily Balance to Earn Interest $25,000 |
APY1 1.00% |
| Account Name Select Money Market3 |
Minimum to Open $25,000 |
Minimum Daily Balance to Earn Interest $25,000 |
APY1 3.64% |
Ways To Open an Account
Opening an account is simple
1
Apply online
Open Account2
Make an appointment at a branch near you
Schedule an Appointment3
Visit a branch
Stop by one of our branches near you.
Fees may reduce earnings.
1 Annual Percentage Yields (APY) are based upon daily balance.
2 Requires $25,000 in new funds not currently on deposit at Brentwood Bank.
3 When requirements are met. Customers are eligible for the disclosed APY when they maintain a minimum balance of $25,000 in the account each day and open and maintain a Select Checking account. If requirements are not met, the rate and APY for the entire balance in the account will be 0%. The minimum balance to open the Select Money Market account is $25,000 in new funds not currently on deposit with Brentwood Bank. The minimum to open a Select Checking account is $50.00. The monthly service charge is $25. Avoid the Select Checking monthly service charge by maintaining an average monthly balance of $2,500 or direct depositing $1,500 to the account during the statement period. Select Money Market Rate and APY are based on the effective fed funds rate published by the Federal Reserve Bank minus a margin of 0.75%. Rates and APYs may vary and may change after account opening. Fees could reduce earnings. Offer may be extended, modified or discontinued at any time.