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*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings.
Ready for more? Enjoy a higher interest rate with the Select Money Market savings account.
Savings accounts can do more than store money for special purchases — they’re part of a wealth-building strategy. The Select Money Market account is a step in that direction. When you’re able to save at least $10,000, this may be your best choice.
Unlike a basic savings account, a money market account offers the best of both worlds: higher interest rates and easy access to your money. You earn a more competitive interest rate compared to a regular savings account, meaning your savings works harder for you.
Whether you’re saving for a dream vacation, a down payment on a home, or simply building a rainy-day fund, a Select Money Market account is a trusted tool in building a more financially secure future.
As of 10/3/2024
| Tiers | Interest Rate+ | APY** |
|---|---|---|
| $00.01 – $24,999 | 3.69% | 1.76% |
| $25,000 – $99,999 | 3.69% | 1.91% |
| $100,000 – $249,999 | 3.69% | 1.97% |
| $250,000 – $999,999 | 3.69% | 2.03% |
**The promotional Annual Percentage Yield (APY) for balances $0.01-$24,999.99 is 1.76%, $25,000.00 -$99,999.99 is 1.91%, $100,000.00-$249,999.99 is 1.97%, $250,000.00-$999,999.99 is 2.03% and is accurate as of 05/11/2023. Maximum deposit is limited to $999,999.99. Minimum balance to open is $5,000. A minimum average daily balance of $5,000 is required to avoid a $10 monthly service fee. After the 5 month promotional period, the minimum average daily balance will be $10,000. The promotional APY is locked for the first 5 months. After 5 months, the variable interest rate is subject to change and the new interest rate will be based on the account balance and the interest rate tier being offered on the Select Money Market Account. The Select Money Market account tiered interest rates in effect as of 05/11/2022 are as follows: .01- $24,999.99 the APY is 0.35%; $25,000.00-$99,999.99 the APY is 0.60%; greater than $100,000.00-$249,999.99 the APY is 0.70%, $250,000-$999,999.99 the APY is 0.80%. If the account is closed before 150 days, a $50 fee may be assessed. No more than a total of 6 preauthorized, telephone, ACH, check, POS or Internet transactions may be made from this account per month. Fees could reduce earnings on this account. The promotional APY is valid only for new money not currently on deposit with Blue Grass Federal. Other restrictions may apply. Promotional offer subject to change without notice. Contact a branch representative for full details.
Statement Savings | Select Money Market | |
|---|---|---|
| Minimum Opening Balance | $50 | $10,000 |
| Monthly Service Charge | $0 with average daily balance of $100; otherwise $1 | $0 with average daily balance of $10,000; otherwise $10 |
| Debit/ATM Card | Yes | – |
| Online Banking | Yes | Yes |
| Online Bill Pay | – | Yes |
| Interest Bearing | Yes | Yes |
Want to learn more? We have articles, videos and resources to help you save with confidence.
