Important Account Disclosures
*Annual Percentage Yield (APY) is accurate as of 3.24.2026 and is subject to change without notice at any time, including after the account is opened.
The Index Money Market account is a variable-rate, tiered-rate account. interest tier earned is based on the following balance tiers: Tier 1: $0- $24,999.99; Tier 2: $25,000.00 - $49,999.99; Tier 3: $50,000.00 to $99,999.99; Tier 4: $100,000,000 - $249,999.99; Tier 5: $250,000 or greater. Tiers 1-5 are eligible for this 3.50% APY offer.
At the Bank’s discretion, the variable interest rate and APY may change to our standard Index Money Market rate structure at any time. Standard Index Money Market rates are indexed to the 30-day average of the Secured Overnight Funding Rate (SOFR) as published by the Federal Reserve Bank of New York at https://newyorkfed.org/markets/reference-rates/sofr.
Standard Rate Tiers:$0 – $24,999.99 earn 5% of the index; $25,000.00 – $49,999.99 earn 40% of the index; $50,000.00 – $99,999.99 earn 50% of the index; $100,000.00 – $249,999.99 earn 75% of the index; $250,000.00 and above earn 50% of the index.
Interest is compounded monthly and credited monthly. If the account is closed before interest is credited, accrued interest will not be paid. The interest rate and APY for these tiers may change.
A minimum opening deposit of $25,000 is required. A $15 monthly service charge applies and may be avoided by maintaining a minimum daily balance of $25,000 during each statement cycle. Fees may reduce earnings.
eStatements are required. If eStatement enrollment is not completed, a $4.00 monthly paper statement fee may be charged.
Interest earned is reportable to the IRS on Form 1099-INT.
Deposits are FDIC insured up to applicable limits. Please refer to the Index Money Market Account Disclosure and Rate Schedule for complete terms and conditions.
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