Find an ATM/Branch
Personal  |  Business  |  Corporate  |  Government  |  About Sovereign
Sovereign Bank
Banking: Checking, Savings, Cards, Online Banking, Account ServicesBorrowing: Mortgages, Consumer Loans, Credit CardsInvesting: Investment Services, Financial Answer CenterProtecting: Life Insurance, Term Life Insurance, Sovereign Identity Protector, Sovereign Loan Protection PlanTools & Planning: Mortgage, Home Equity, Education, Cars, Credit, Retirement
Checking   |   Savings   |   Cards   |   Online Banking   |   Account Services
Printer-friendly formatPrinter-friendly formatPrinter-friendly format

Money Market Savings

Money Market Savings Account
No matter if you choose the stand alone money market savings account or upgrade to our premier account you will have fast access to your savings and the security of FDIC insurance.
Benefits | Account Details 
  • Receive  APY* on balances of $75,000 or more (see account details for additional rates)
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • No monthly maintenance fee when you maintain a $2,000 average daily balance (otherwise, $10)
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Preferred Money Market Savings Account
Receive even more benefits when you open a Preferred Money Market Savings with a Preferred Checking account. It's our way of thanking you for doing more of your banking with us.

Preferred Benefits | Account Details 
  • Receive  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Open Preferred Money Market Savings  Open Preferred Money Market Savings



Upgrade to a Premier Money Market Savings Account
Receive even more benefits when you open a Premier Money Market Savings with a Premier Checking account. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  • Receive  APY*** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement††
  • No monthly fee††
Open Premier Money Market Savings  Open Premier Money Market Savings
Benefits | Account Details 
  • Receive APY* on balances $75,000 or more (see account details for additional rates)
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • No monthly maintenance fee when you maintain a $1,000 average daily balance (otherwise $10)
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Preferred Money Market Savings Account
Receive even more benefits when you open a Money Market Savings with a Preferred Checking account. It's our way of thanking you for doing more of your banking with us.

Preferred Benefits | Account Details 
  • Receive  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Open Preferred Money Market Savings  Open Preferred Money Market Savings



Upgrade to a Premier Money Market Savings Account
Receive even more benefits when you open a Money Market Savings with a Premier Checking account. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  •  APY*** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Open Premier Money Market Savings  Open Premier Money Market Savings
Benefits | Account Details 
  • Receive  APY* on balances $75,000 or more (see account details for additional rates)
  • No monthly maintenance fee
  • No minimum balance requirement
  • Check writing privileges
  • Free Online Banking
  • Sovereign ATM Card
  • FDIC insured
Open Money Market Savings  Open Money Market Savings



Upgrade to a Preferred Money Market Savings Account
Receive even more benefits when you open a Money Market Savings with a Preferred Checking account. It's our way of thanking you for doing more of your banking with us.

Preferred Benefits | Account Details 
  • Receive  APY** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Open Preferred Money Market Savings  Open Preferred Money Market Savings



Upgrade to a Premier Money Market Account
Receive even more benefits when you open a Money Market Savings with a Premier Checking account. It's our way of thanking you for doing more of your banking with us.

Premier Benefits | Account Details 
  •  APY*** on balances $75,000 or more (see account details for additional rates)
  • No minimum balance requirement
  • No monthly fee
Open Premier Money Market Savings  Open Premier Money Market Savings


Learn more about FDIC Insurance
More Safety — More Security
*   annual percentage yield (APY) is available when your balance is $75,000 and above;   APY is applied when your balance is $50,000-$74,999.99;   APY is applied when your balance is $25,000-$49,999.99;   APY is applied when your balance is $10,000-$24,999.99; and   APY is applied when your balance is less than $10,000. APYs available for new accounts only, are effective as of July 31, 2010, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $10 is required to open a Money Market Savings account. Personal accounts only. Federal regulations require us to limit to 6 per statement period the number of certain transfers you may make from a money market savings account, including transfers by telephone or using online banking. See your Personal Deposit Account Agreement for details.
**   annual percentage yield (APY) is available when your balance is $75,000 and above;   APY is applied when your balance is $50,000-$74,999.99;   APY is applied when your balance is $25,000-$49,999.99;   APY is applied when your balance is $10,000-$24,999.99; and   APY is applied when your balance is less than $10,000. APYs available for new accounts only, are effective as of July 31, 2010, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $10 is required to open a Preferred Money Market Savings account. Personal accounts only. Federal regulations require us to limit to 6 per statement period the number of certain transfers you may make from a money market savings account, including transfers by telephone or using online banking. See your Personal Deposit Account Agreement for details.
***   annual percentage yield (APY) is available when your balance is $75,000 and above;   APY is applied when your balance is $50,000-$74,999.99;   APY is applied when your balance is $25,000-$49,999.99;   APY is applied when your balance is $10,000-$24,999.99; and   APY is applied when your balance is less than $10,000. APYs available for new accounts only, are effective as of July 31, 2010, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $10 is required to open a Premier Money Market Savings account. Personal accounts only. Federal regulations require us to limit to 6 per statement period the number of certain transfers you may make from a money market savings account, including transfers by telephone or using online banking. See your Personal Deposit Account Agreement for details.
Available only with a Sovereign Preferred Checking account. If your Sovereign Preferred Checking account is closed, there is a $10 monthly fee when your average daily balance falls below $2,000.
†† Available only with a Sovereign Premier Checking or Business Owner Premier Checking account. If your Sovereign Premier Checking or Business Owner Checking account is closed, there is a $10 monthly fee when your average daily balance falls below $10,000.
Not available on mortgages and auto loans obtained through an auto dealer.
Access Your Accounts
Next Steps
Apply now
Apply now
Call 877.SOV.BANK
(768-2265) to speak
with a Personal Banking Representative
Find one of our branches
How May We Help You?
Search Our Site
Related Resources
Personal Online Banking
Subscribe to eCommunications
Receive product news, online “special offers,” and more.
Learn More

Find an ATM/Branch  |  Customer Service  |  Contact Us  |  Site Map  |  Email Offers
Self-Service Resources  |  Site Preferences  |  Accessibility  |  Security Center  |  About Sovereign  |  Careers
Privacy Policy  |  Terms of Use  | Copyright 2010 Sovereign Bank. All rights reserved.  Equal Housing Lender Equal Housing Lender - Member FDIC