Money Market Deposit Account (MMDA)
High-rate money market accounts help you manage money for a stronger financial future.
KEY FEATURES
- Competitive Interest Earned
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Money Market Accounts are tiered, offering various interest rates based on each tier.
- Quick and Easy Access to Funds
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Write checks for quick and easy access to your money.
- Online Banking
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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.
- Fee Advantages
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- 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
MINIMUM DEPOSIT
ADDITIONAL INFORMATION
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.