Earn 4.05-4.44% APY

with a 7.00% Introductory Interest Rate1

Premier Money Market Account

Minimum Opening Deposit $25,000.00
Min. balance required to avoid service charge/Basic fee $25,000.00
Service charge/Basic fee $10.00
Current Interest Rate
  • 7.00% Introductory Interest Rate for 90 days for balances $25,000 and above
  • 0.50% Daily Balance below $25,000

After 90 days for balances $25,000 and above:

  • 3.0% Daily Balances $25,000 to $250,000
  • 3.5% Daily Balances $250,000.01 and above
Annual Percentage Yield (APY)
  • 4.05% APY for balances between $25,000 and $250,000
  • 4.44% APY for balances above $250,000.01
  • 0.38% APY Daily Balances below $25,000
Interest Computation Method Daily Balance*
Interest will be compounded Monthly
Interest will be credited Monthly

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Transaction Limitations. There will be a $20.00 per item fee for each withdrawal or transfer over six (6) per month. The following transfers or withdrawals are limited to 6 per month: preauthorized transfers, automatic transfers, telephone transfers or order of instructions, and online banking transfers.

A fee schedule containing additional charges that may apply to this account can be obtained from your local branch.

*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.

1Introductory interest rate of 7.00% with an annual percentage yield (APY) of 4.05% for balances $250,000 and below; 4.44% APY for balances $250,000.01 and greater. The introductory rate will apply for 90 calendar days with new money only.  Minimum opening balance is $25,000. A minimum daily balance of $25,000 is required to earn introductory interest rate. For consumer and commercial accounts with new money only. Withdrawals will reduce earnings. Fees may reduce earnings. Annual percentage yield assumes an annualized rate based on the funds being on deposit for year. This money market offer is subject to change without notice. Annual Percentage Yield is accurate as of 4/12/2024. To obtain the current rate(s) and annual percentage yield information, please call American Bank, (985) 898-0206.

See our Truth In Savings document for full terms and conditions.