Ultimate Money Market Account | WaterStone Bank

Money Market Rates

View current Money Market rates to help choose the right account for you.

Saving more, for the future ahead

Whether you are saving for the short term or the long haul, a money market account can boost your savings while giving you convenient access to your funds. Money market accounts are low-risk, earn higher interest than traditional savings accounts, and have more flexible terms than certificate of deposit accounts. Plus, you get peace of mind knowing your funds are insured by the FDIC.


  • $5,000 minimum deposit to open
  • No monthly fee when minimum balance requirements are met*
  • Earns interest with a variable rate
  • Accepts ongoing deposits
  • Available mobile check deposit
  • Check writing access available
  • Use for overdraft protection

The Consumer Ultimate Money Market Annual Percentage Yield (APY) for each tier is based on daily balance method: .40% on balances $24,999.99 or less, 1.15% on balances $25,000.00 to $49,999.99, 2.50% on balances $50,000.00 to $99,999.99, 2.75% on balances $100,000.00 to $249,999.99, and 3.00% on balances equal to or greater than $250,000.00. The APY in each tier is accurate as of 02/01/2023 and will be paid on the entire balance in the account. The minimum balance to open is $5,000.00. A minimum balance fee of $10.00 will be imposed monthly if the average daily balance for the statement cycle falls below $5,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. A statement cycle may be from the first day of a month to the last day of that same month. Fees may apply and could reduce earnings. Account must be open and active for 180 calendar days or a $30.00 closing fee will be assessed at account closing. Contact a bank representative for additional product information or options that may be available to you. Offer subject to change at any time. REV41014

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