Money Market Accounts

Reach your savings goals

Money Market accounts offer a higher interest rate than traditional savings accounts and may be a good account choice to help grow your savings. Money Market accounts are a low-risk option for people interested in reaching short-term savings goals. With a Money Market account, you have the ability to access your money when you need it. This type of high yield savings account may be a good option for an emergency fund, or for those looking to save for both short-term goals and longer-term needs.

Money Market accounts may be the right choice for those in Massachusetts or Rhode Island who would like to:

• Establish a secure and convenient emergency fund
• Earn a higher APY than traditional savings accounts while maintaining access to your money
• Save money for a major purchase, like a car or home improvement
• Save money for a down payment on a home

There are several reasons to consider a Money Market account, rather than a Certificate of Deposit or a traditional savings account. While savings accounts do not typically come with checks, our Money Market accounts come with checks and a debit card (if you choose). CDs also require leaving your money in the account for a fixed period of time, and a penalty may be triggered if you withdraw your before the end of this deposit period is over.