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Earn a high Money Market rate.

Let’s make your money work harder!


  • Convenient access to your funds^
  • Make additional deposits anytime^
  • Limited time offer!

Now also offering IRA Beacon Money Market Account. Grow your earnings with competitive rates while saving for the future.


Get started today!


Beacon Money Market Account Tiered Rates for IRA and Non-IRA accounts

$0.01 to $24,999.99 0.25% 0.25%
$25,000.00 to $49,999.99 1.00% 1.00%
$50,000.00 to $99,999.99 2.50% 2.53%
$100,000.00 to $1 million 4.00% 4.07%

Frequently Asked Questions

What is a money market account?

A money market account is a type of deposit account that provides benefits found in both traditional savings and checking accounts. Money market accounts typically earn a higher interest rate than savings accounts and allow transactions similar to a checking account. Money market account balances are covered by FDIC insurance up to $250,000.

Ready to open an account? You can schedule an appointment or give us a call at 1-833-685-1195 to get started!

What is a good money market interest rate?

Interest rates  differ between financial institutions. Please visit the FDIC website for the latest national average on money market interest rates to get an idea as you look at the money market account offerings nearest you!

What’s a money market account vs savings?

The primary difference between a money market account and a traditional savings account is how you are able to access your money. A money market account allows checking account type transactions such as use of debit cards and ATM withdrawals. A money market account typically offers a higher interest rate than a traditional savings account because they generally require a higher minimum balance than a traditional savings account.

Is there a penalty for withdrawing money from a money market account?

There is no penalty on withdrawing money from a money market account. Money market accounts allow you to make withdrawals and transfers as often as you need.


^Deposit (contribution) and withdrawal restrictions apply for IRA Beacon Money Market Accounts.

Annual Percentage Yield (APY) is accurate as of 1/23/23. For personal IRA Beacon Money Market Accounts and personal Beacon Money Market Accounts only. Daily balances & corresponding APYs: $0.01 to $24,999.99 earns 0.25%; $25,000.00 to $49,999.99 earns 1.00%; $50,000.00 to $99,999.99 earns 2.53%; $100,000.00 to $1 million earns 4.07%. Rates variable and subject to change after account is opened. Maximum daily balance is $1 million. Fees could reduce earnings. Must open new account, no conversions. Beacon Money Market Accounts must have or open a Breakaway Checking account. Other conditions apply. Limited time offer may be withdrawn at any time.

Additional Note:

Some balances may be too low to be credited for interest earned if the interest rate is also low. We will credit interest earned equal to or greater than $0.01 during a statement cycle at the end of a cycle. For example, with a rate of 0.25%, a $40 daily balance would earn less than a $0.01 by the end of the statement cycle, resulting in no interest credited to the account.





Ready to learn more about our Beacon Money Market Account?

Contact us to get started, we’re here to help!