Earn a higher interest rate on your savings and enjoy the flexibility of accessing your money when you need it. At Boiling Springs Savings Bank, our Magnum Money Market account offers a tiered interest rate and withdrawals are as simple as writing a check.
*Magnum Money Market Account APY(Annual Percentage Yield) of 1.15% is based on an interest rate of 1.14% on balances of $250,000 or more. Tiered APYs for balances are as follows: $25,0000-$99,999.99 earns 0.40% APY, based on an interest rate of 0.40% and $100,000 - $249,999.99 earns 0.50% APY, based on an interest rate of 0.50%. Minimum balance to open is $25,000, balances of less than $25,000 do not earn interest. Minimum balance of $25,000 per statement cycle to avoid a $50 monthly service charge. NEW MONEY ONLY. During any statement cycle, per Reg D, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. Rates are effective as of 4/24/2018. Fees may reduce earnings on account. Rates are subject to change, after account opening. Offer may be withdrawn without notice. Other terms and rates available. Boiling Springs and/or its agency is not responsible for typographical errors.