Looking for a great rate? You’ve come to the right bank.
At Cornerstone Bank, you can take advantage of our special rate and put your money to work for you.
Open a Premier Money Market Account to earn up to 2.00% APY*.
- 2.00% APY* is available for balances of $500,000 or more
- Minimum to open Premier Money Market account is $25,000
- Deposits must be new to the bank; transfers from existing Cornerstone Bank accounts do not qualify
- Minimum balance to earn interest is $1,000
- No monthly service fee
- Electronic transfer capabilities**
- Keep your money liquid and enjoy the benefits of high interest rates
- The higher the balance, the more you earn
- Account must be opened at one of our branch locations
Why should you consider a money market account for your extra income? Below, you can learn more about the benefits of a money market account.
A money market account is like a certificate of deposit (CD), in that both account types offer a high-yield interest rate for your deposited funds to help you to save more money. Unlike a CD, which locks up your money for the required term, a money market account also offers you flexibility and liquidity of your funds. A money market account is therefore a better savings tool than a CD if you are looking for a way to build your assets and still maintain access to your funds should you need them.
If you currently have a CD and your term is about to mature, and you’re not sure what to do with those funds, you can easily make the switch to our Premier Money Market Account. A money market account is a smart option if you’re in need of a short-term depository vehicle because you continue to earn a high rate of interest and you can still access and withdraw your funds at any time.
Perhaps you’re saving for a down payment on a new home and you’re looking for a place to keep your money where it can grow. Our Premier Money Market Account is an advantageous option—you can earn interest to help build up your savings and withdraw the funds as soon as you’re ready to make an offer or are closing on the house.
Opening our Premier Money Market Account is a great first step for anyone who has recently experienced a financial windfall, like an unexpected inheritance or a tax refund that is greater than you anticipated. Because you have liquidity with a money market, you can deposit your extra money in our Premier Money Market Account for the short-term while you figure out what you want to do for the long-term. In the meantime, your money will earn a high rate of interest in a federally-insured account.
Our Premier Money Market Account can help you to save money for your child’s college tuition; whether opening the account is part of your overall college savings plan or you need a last-minute liquid solution to build your savings. You can deposit and withdraw funds from the account at any time, which makes it as advantageous to set aside money for college as it does to make those tuition payments. (And keeping these funds in a separate account makes it easier when filing your taxes, since there is a clear record of payment history.)