Independent Money Market
The name may sound fancy, but the concept is simple. An Independent Money Market account lets you earn extra cash without any extra effort.
Make your dollars work harder. That's just common sense.
An Independent Money Market account is as simple to open as a checking or savings account. And it combines some of the best features of both. Whether you're looking to prepare for a rainy day or a brighter future, you'll enjoy impressive earning power, instant access to funds, and the good feeling that comes from knowing your deposits are FDIC-Insured up to the legal limits.
- Open an account with as little as $1.
- Avoid a $15 monthly fee with a minimum $2,500 balance OR at least one transfer from another Bank Independent account per month.
- Tiered interest rates.1
- Access funds through checks, Online and Mobile Banking2, or at Bank Independent sales offices.
- Make unlimited deposits.
- Make up to six free withdrawals per month.3
Disclosures
1 The interest rate and annual percentage yield for Independent Money Market Account is variable and will depend upon the applicable rate tier (see below). The interest rate and annual percentage yield for these tiers may change at our discretion. Interest will be compounded and added back to the principal each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. (for example, checks).
1 The interest rate and annual percentage yield for Independent Money Market Account is variable and will depend upon the applicable rate tier (see below). The interest rate and annual percentage yield for these tiers may change at our discretion. Interest will be compounded and added back to the principal each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items. (for example, checks).
If you close your account before the interest is credited, you will receive the accrued interest.
Tiered Rate Disclosure:
Interest is compounded and credited monthly based on the following interest tiers effective as of 05/13/26.
If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be .11% with an annual percentage yield of .11%.
If your daily balance is more than $9,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be .13% with an annual percentage yield of .13%.
If your daily balance is more than $49,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be .15% with an annual percentage yield of .15%.
If your daily balance is more than $99,999.99, but less than $250,000.00, the interest rate paid on the entire balance in your account will be .17% with an annual percentage yield of .17%.
If your daily balance is more than $249,999.99, but less than $500,000.00, the interest rate paid on the entire balance in your account will be .21% with an annual percentage yield of .21%.
If your daily balance is $500,000.00 or more the interest rate paid on the entire balance in your account will be .25% with an annual percentage yield of .25%.
Interest is compounded and credited monthly based on the following interest tiers effective as of 05/13/26.
If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be .11% with an annual percentage yield of .11%.
If your daily balance is more than $9,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be .13% with an annual percentage yield of .13%.
If your daily balance is more than $49,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be .15% with an annual percentage yield of .15%.
If your daily balance is more than $99,999.99, but less than $250,000.00, the interest rate paid on the entire balance in your account will be .17% with an annual percentage yield of .17%.
If your daily balance is more than $249,999.99, but less than $500,000.00, the interest rate paid on the entire balance in your account will be .21% with an annual percentage yield of .21%.
If your daily balance is $500,000.00 or more the interest rate paid on the entire balance in your account will be .25% with an annual percentage yield of .25%.
2 Carrier data charges may apply.
3 A service fee of $3 per withdrawal will be assessed after the 6th withdrawal in a month.