With Select Money Market and a linked Select Checking account, you get the best of both worlds: a rate with high return and access to your cash whenever you like. What's not to love?
Opening a Select Money Market requires a minimum deposit of $25,000 in new funds not currently deposited at Brentwood Bank as well as opening and maintaining a Select Checking account.
1 When requirements are met. APY=Annual Percentage Yield (APY) and is accurate as of 9/20/2024. 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 $10,000 or direct depositing $1,500 to the account during the statement period.
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.
* Based on information from the FDIC's National Rates and Rate Caps data as of May 20, 2024. For more information visit the FDIC Bankers Resource Center.