Money Market Savings Details
 
Premier Money Market Savings
Money Market Savings
Opening deposit required $10.00 $10.00
Minimum balance required to avoid monthly maintenance fee None, with Premier Checking; otherwise, $10,000 $1,000.00
(minimum daily balance)
Monthly maintenance fee None, with a Premier Checking account; otherwise, $10 $10.00
Interest rate tiers
$75,000 or more
$25,000 to $74,999
$10,000 to $24,999
$1 to $9,999
Interest payment terms Compounded and credited monthly Compounded and credited monthly
Additional Rewards

.50% discount on consumer loans, only with Premier Checking**

 .25% discount on consumer loans**
Statements issued Monthly Monthly
Checkwriting1 Yes Yes
Online Banking1 Free Free
Telephone Banking1 Free Free
Check Imaging, Return, or Safekeeping Free Free
     
* Annual percentage yields (APYs) available for new accounts only, are effective as of November 21, 2009, and may change at any time and after your account is opened. Fees may reduce earnings. Personal accounts only.

** Discount is offered on new secured consumer loans and lines of credit, except mortgages and auto loans obtained through an auto dealer, with automatic monthly payment from a Sovereign account.

1 Limited to 6 preauthorized withdrawals or transfers (up to 3 may be by check or point of sale purchase) per statement period.

Member FDIC