Money Market Deposit Account (MMDA)
High-rate money market accounts help you manage money for a stronger financial future.
Competitive Interest Earned
Money Market Accounts are tiered, offering various interest rates based on each tier.
Quick and Easy Access to Funds
Write checks for quick and easy access to your money.
Customers can enroll in our online banking system to manage their accounts, conduct financial transactions and enjoy a user-friendly experience while banking anywhere in the world.
- No intermediary fees and incoming remittance fees1.
- The $10 monthly maintenance fee can be waived by maintaining an average minimum daily balance of $1,000.
INTEREST RATES, FEES & APPLICATION REQUIREMENTS
Interest rates are compounded daily and statements are generated monthly. There is a minimum deposit of $1,500 required to open a Money Market Deposit Account. The monthly maintenance fee will be waived if a minimum average daily balance of $1,000 is maintained in the account each day.
Please refer to the interest rate table on the Resources page. For more information on the requirements to establish a BOC USA Money Market Deposit Account, contact or visit our New York or Queens branch.
1 Fees may be subject to change.