Security Savings Bank Money Market Account

Security Savings Bank Money Market Account Review

Security Savings Bank Money Market Account is offered by Security Savings Bank, a bank founded in 0 and based in Hills, MN. Security savings Bank money market are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
• $0 monthly fee. This account does not charge any monthly account fees.
• High minumum opening deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of Security Savings Bank Money Market Account

Security Savings Bank Money Market Account FAQ

Are money market accounts from Security Savings Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Security savings Bank money market rates?

Security savings Bank money market offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the fees for Security Savings Bank Money Market Account?

Security Savings Bank Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Security savings Bank money market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Security savings Bank money market offer?

This account includes the following features:

• Check Writing - Security savings Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - Security Savings Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Security savings Bank money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Security savings Bank money market allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this account is (800) 472-3272.

What is the support contact email?

The support contact email for this business credit card is info@bankwithssb.com.

How to open an account with Security Savings Bank

• Visit the Security Savings Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.