Savings Accounts
Money Market
Savings Account
Earn more as your balance grows. Federal Crown Bank's Money Market Savings Account delivers tiered interest rates that reward higher balances — with check-writing access, mobile management, and up to 4.75% APY for Preferred Rewards Platinum Honors members.
Account Features
Six Features That Make Money Market Savings Stand Out
The Money Market Savings Account bridges the gap between an everyday savings account and a high-yield investment. You get better rates for higher balances plus the flexibility of check writing — without locking funds away like a CD.
Interest rates increase automatically at each balance tier. The more you save, the higher your APY. No action required — rates update in real time as your balance crosses each threshold.
Write checks directly from your Money Market account — up to 6 per statement cycle at no additional charge. Checks are free for Preferred Rewards members and available for ordering in the mobile app or banking center.
Federal Reserve Regulation D historically limited convenient withdrawals to 6 per cycle. Although this requirement was suspended in 2020, Federal Crown Bank may charge an excessive transaction fee of $10 per transaction beyond 6 per cycle. ATM and in-person withdrawals are excluded.
View balances, transfer funds, set up alerts, and order checks from the Federal Crown Bank Mobile Banking app. Face ID, Touch ID, and two-factor authentication keep your account secure 24/7.
Link your Money Market account to a Federal Crown Bank checking account for instant overdraft protection transfers, automatic scheduled savings transfers, and streamlined fund management within a single relationship.
Preferred Rewards members receive a rate bonus applied automatically on top of standard tiered rates. The bonus compounds across all five balance tiers. Platinum Honors members can achieve up to 4.75% APY on balances of $100,000+.
Tiered Interest Rates
Current Money Market Rates — April 2025
Your interest rate automatically corresponds to your average daily balance at the close of each statement cycle. Rates shown are for standard online accounts; Preferred Rewards members receive additional APY at each tier.
Standard Tiered Rates
| Balance Tier | Interest Rate | APY | Monthly Interest on $50,000 Example |
|---|---|---|---|
| $0.01 – $9,999.99 | 0.01% | 0.01% | N/A (below $10K tier) |
| $10,000 – $24,999.99 | 0.25% | 0.25% | N/A (below $25K tier) |
| $25,000 – $49,999.99 | 0.50% | 0.50% | ~$20.83/month |
| $50,000 – $99,999.99 | 0.74% | 0.75% | ~$31.25/month |
| $100,000 and above | 0.74% | 0.75% | ~$62.50/month on $100K |
Preferred Rewards Tiered Rates (Platinum Honors)
| Balance Tier | Standard APY | Gold APY | Platinum APY | Platinum Honors APY |
|---|---|---|---|---|
| $0.01 – $9,999.99 | 0.01% | 0.012% | 0.015% | 0.80% |
| $10,000 – $24,999.99 | 0.25% | 0.265% | 0.28% | 1.50% |
| $25,000 – $49,999.99 | 0.50% | 0.53% | 0.56% | 2.75% |
| $50,000 – $99,999.99 | 0.75% | 0.80% | 0.85% | 3.90% |
| $100,000 and above | 0.75% | 0.80% | 0.85% | 4.75% |
Rates effective as of April 2025. Variable rates may change at any time. APY = Annual Percentage Yield. Preferred Rewards rate applies when you are an active program member. Balances in each tier earn that tier's applicable rate — only the balance in each tier earns that tier's rate (not a blended rate).
Fee Schedule
| Fee Type | Amount | How to Avoid |
|---|---|---|
| Monthly maintenance fee | $12.00 | Maintain $2,500+ average daily balance OR be a Preferred Rewards member |
| Excessive transactions (>6/cycle) | $10.00 per transaction | Keep withdrawals at 6 or fewer per statement cycle |
| Outgoing domestic wire transfer | $30.00 | Waived for Platinum Honors members |
| Check reorder (standard style) | Varies (~$20–$35/box) | Free first order for Preferred Rewards members |
| Paper statement fee | $5.00/month | Enroll in eStatements in Online Banking |
| Returned item | $35.00 | Maintain sufficient balance |
| Stop payment (per request) | $30.00 | Waived for Platinum & Platinum Honors |
Rate Optimization
How to Maximize Your Money Market APY
A few deliberate moves can significantly increase the interest you earn each month. Here is a step-by-step path from the standard rate to the highest available yield.
Meet the Minimum
Open with at least $2,500 to waive the $12 monthly fee and begin earning interest. The $0–$9,999 tier earns 0.01% APY on its own — but it keeps you eligible for the fee waiver.
Build to $25,000+
Consolidate savings to reach the $25,000 tier and jump to 0.50% APY. AutoSave recurring transfers from checking make it easier to build your balance systematically.
Enroll in Preferred Rewards
Join Preferred Rewards by maintaining combined balances of $20,000+ across FCB and Merrill. Even Gold tier membership unlocks a higher effective APY at every balance level.
Grow to Platinum Honors
Reach $100,000 in combined FCB and Merrill qualifying balances for Platinum Honors status. At this tier, your Money Market balance of $100K+ can earn 4.75% APY — comparable to top online savings rates.
Annual Interest Projection by Balance & Tier
| Balance | Standard APY | Annual Earnings (Standard) | Platinum Honors APY | Annual Earnings (Plat. Honors) |
|---|---|---|---|---|
| $10,000 | 0.25% | $25 | 1.50% | $150 |
| $25,000 | 0.50% | $125 | 2.75% | $688 |
| $50,000 | 0.75% | $375 | 3.90% | $1,950 |
| $100,000 | 0.75% | $750 | 4.75% | $4,750 |
| $250,000 | 0.75% | $1,875 | 4.75% | $11,875 |
Earnings estimates are illustrative. Actual earnings will vary based on daily balance, rate changes, and compounding timing. Preferred Rewards rates require active program enrollment.
Account Comparison
Money Market vs. Advantage Savings vs. Featured CD
Choose the right savings vehicle based on your balance size, need for access, and rate priority. You can hold multiple accounts simultaneously to optimize for different financial goals.
| Feature | Money Market Savings | Advantage Savings | Featured CD (7-mo.) |
|---|---|---|---|
| Standard APY | Up to 0.75% (tiered) | 0.04% | 5.00% (fixed) |
| Preferred Rewards max APY | 4.75% ($100K+) | 4.20% | 5.10% (with PR bump) |
| Minimum opening deposit | $2,500 | $25 | $1,000 |
| Monthly fee | $12 (waive with $2,500 balance) | $8 (multiple waivers) | None |
| Rate type | Variable, tiered | Variable | Fixed for term |
| Check writing | Yes (up to 6/cycle) | No | No |
| Keep the Change® eligible | No | Yes | No |
| Funds accessible anytime | Yes (with limits) | Yes | No (penalty applies) |
| Best for | High balances, moderate access | Everyday savings, goal tools | Max yield, no-touch savings |
Frequently Asked Questions
Money Market Savings — Answers
Make Your Balance Work Harder Every Day
Open a Money Market Savings Account online in minutes. Earn tiered interest on every dollar, access check writing, and unlock bonus rates through Preferred Rewards.