As rates rise, let us watch your money.
Unlike a traditional, uninsured money market account with a limited time introductory rate that can change at the discretion of your bank, our Premium Yield Money Market Account is FDIC insured and is tied to the national iMoneyNet index. The iMoneyNet index is the 7 day average of all U.S. money market funds and our rate pays .50 basis points over that. That means, as rates rise your money market account rate rises, giving you the best opportunity to make the most of your money.
- New deposit of $50,000 or more
- All accounts are FDIC insured
- Access to your money at any time
- Unlimited deposits and ATM withdrawals
- Up to 6 additional transactions per statement cycle
Beneficial Ownership Requirements
All Sonabank business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.
This information must be provided on Sonabank's Beneficial Owner Form before a new account can be opened, or any changes can be made to an existing account.
New accounts only. APY=Annual Percentage Yield. The advertised APY is effective 03/13/18 and subject to change thereafter. Transfers from existing accounts do not qualify. The minimum to open the Premium Yield Money Market Account is $50,000. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time. Certain types of withdrawals are limited by law. Withdrawals over the limits are excess activity and incur a $10.00 excess transaction fee.