Money Market Account
Maximize Your Savings, Minimize Your Effort
If you want to grow your savings while still having easy access to your funds, our Money Market Account (MMA) is a smart choice. At Pilot Grove Savings Bank, our MMAs offer competitive interest rates along with features like check-writing and debit card access. Additionally, your funds are protected by FDIC insurance, giving you peace of mind as you save and grow your money.
What is a Money Market Account?
A Money Market Account is a type of savings account that earns a higher interest rate than a traditional savings account. It combines the benefits of both a savings and checking account, allowing you to earn interest on your balance while still having some flexibility to access your money when you need it.
Why Choose a Money Market Account?
An MMA is ideal for those looking to build their savings while keeping their funds easily accessible. It’s a great option for emergency funds, intermediate financial goals, or additional retirement savings. With a Pilot Grove Bank Money Market Account, you can enjoy:
- Higher interest rates than traditional savings accounts
- Access to your funds through check-writing and debit card options
- FDIC insurance to keep your savings secure
Convenience with online banking and mobile banking features
Key Features of Pilot Grove Savings Bank Money Market Accounts:
- Interest-bearing: Earn more interest than you would with a regular savings account.
- Minimum balance requirement: MMAs typically require a higher minimum balance than standard savings accounts.
- Transactions: Limited monthly transactions, such as checks, debit card purchases, and online transfers.
- Withdrawals: Unlimited ATM withdrawals and other ways to access your funds, like by mail, in person, or by phone.
Benefits of a Money Market Account:
- Convenience: Enjoy the ability to write checks and use a debit card to access your funds.
- Flexibility: Save for your goals while keeping your money accessible when needed.
- Lower risk: MMAs are a safe, low-risk option compared to investments in the stock market.
- Security: FDIC insurance keeps your funds protected, so you can save with confidence.
When to Consider a Money Market Account:
- Short-term savings goals: MMAs are a great way to save for goals that are a few years away, like a down payment on a house or a new car.
- Emergency funds: Keep a portion of your savings in an MMA for quick access in case of an unexpected expense.
- Supplemental retirement savings: An MMA can complement your long-term retirement plan, offering a safe place to grow your savings.
A Bank You Can Trust
Pilot Grove Savings Bank has been a trusted part of our community since 1911. With a focus on loyalty, trust, and commitment, we’ve weathered challenges like the Great Depression and economic downturns. Today, with over 125 employees and more than a billion dollars in assets, we remain dedicated to providing our customers with exceptional banking experiences and top-tier financial products.
At Pilot Grove Savings Bank, we’re here to help you find the perfect savings option to meet your needs. Whether you're looking for a Money Market Account, a CD, or an IRA, we have the right solution to help you reach your goals.
We’re Excited to Help You Save For a Brighter Future!
To learn more about our Money Market Account rates or explore other savings options, stop by one of our branches or contact us today. Your future begins now, so call the Pilot Grove Savings Bank Investment Advisor today at 888-283-2265 (toll-free).