Money Market

Earn more on your hard-earned savings with easy access to your funds!

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More Bang for Your Buck

Leader Bank’s Money Market accounts provide you with all of the benefits and flexible access to your funds that come with a traditional Checking account but with a tiered interest rate that will help you earn more the higher your balance is! Plus, you’ll have access to your money any time you need it.

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Bank with Confidence

Rest easy knowing funds in your Money Market are secure through Leader Bank with FDIC coverage up to $250,000. Increase coverage on deposits beyond this limit through the IntraFi Cash Service network.

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Access Funds Anytime

Unlike a Certificate of Deposit, you’ll be able to use funds in your Money Market account whenever you need them. It’s the best of both worlds – a higher rate and flexible access to your money!

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Streamlined Account Management

With Leader Bank’s Online and Mobile Banking platforms, you’ll be able to easily manage your account on the go. Transfer funds and pay bills anytime, anywhere!

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Disclosures

You may only make six (6) preauthorized, automatic, telephone or third party check transfers from your Money Market account each statement cycle. Bill payments will count towards the six (6) monthly allotted transactions. We reserve the right to at any time require not less than seven (7) days’ notice in writing before any withdrawal from your account. You must maintain a minimum balance of $10.00 in the account each day to obtain the minimum disclosed APY. A monthly service charge of $6.00 will be imposed every statement cycle if the account balance falls below $1,000.00 on any day of the statement cycle.

 

Money Market Account Benefits

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Accelerate Interest Earning

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Work Toward Your Savings Goals

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Only $10 Required to Open an Account

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Flexible Access to Your Funds

Ready to Get Started?

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Frequently Asked Questions

A money market is a type of deposit account that combines some of the features of Checking and Savings accounts. Like a Savings account, money markets pay interest on your account balance. And similar to Checking accounts, funds in a money market account can be used with a checkbook or debit card at will.

Yes. Money market funds are insured up to the FDIC limit of $250,000. Plus, Leader Bank is proud help our clients maximize access to coverage beyond this limit through the IntraFi Cash Service network!

Unlike like a CD account, you can withdraw money from your money market account whenever you need to. However, it’s important to note that some banks may place limits on how many withdrawals you can make from a money market during a statement period. At Leader Bank, you are allowed to make six preauthorized, automatic, telephone or third-party check transfers from your money market account each statement cycle.

Minimum balance requirements will vary by financial institution. At Leader Bank, only $10 is required to open a money market account and earn interest.

While money market accounts share some features with traditional Savings accounts, the primary difference is how you access your money. With a Money Market account, you’ll be able to withdraw and spend money similar to how you would with a Checking account – with a debit card or checks.

A money market account is perfect if you already have money saved up and want to earn interest on it, but still need quick and easy access to it.

Savings Goal Calculator

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The information provided by these calculators is for illustrative purposes only and the calculated results are not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.

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