Money Market Savings Account

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Santander® Money Market Savings

Help your balances grow faster with Santander® Money Market Savings. Put your savings on the fast track to achieving your goals with a competitive high rate offered when you maintain at least $10,000 in the account.

Santander Money Market Savings Features

Competitive Rates

Competitive Rates

A competitive high rate offered when you maintain at least $10,000 in the account.

Great Companion

Great Companion

Pay no Monthly Fee when you maintain a consumer Santander checking account1.

Savings Auto Pilot

Savings on Autopilot

Use Auto Save to make automatic, recurring transfers from your checking account to your savings account.

Avoid Overdraft Fees

Avoid Overdraft Fees

Link your savings account to your checking account to cover shortfalls in your checking account and avoid overdraft fees2.

Easy Access

Easy Access

Make transfers or write up to six money market checks between your linked checking and money market accounts2.

Consolidated Statements

Consolidated Statements

Combine your accounts on one monthly statement.

Benefits of Banking with Us
Convenience
  • Over 650 branches and 2,000 Santander ATMs across the Northeast, including one in many CVS locations.
  • Customizable email alerts, text alerts coming soon.
  • Online and Mobile Banking.
  • Mobile Check Deposit.
  • Easy, quick access to directly deposited funds.
Security
  • FDIC Insurance coverage up to applicable limits.
  • Online Banking Guarantee§.
  • Real-Time Fraud Monitoring.
  • Identity Theft Assistance Services.
Service
  • Toll-free number to speak to a Personal Banking Representative.
  • Switch Services team to help if you're moving from another bank.
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Santander Checking Accounts

Checking Accounts

Choose the checking account that fits your life.

  • Bank the way you like, select from a variety of different accounts.
  • Access your account on the go with mobile-friendly technology.

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Personal Line of Credit

Personal Line of Credit

Let a Personal Line of Credit help achieve your goals.

  • Tackle car repairs, tuition payments, major purchases or unexpected expenses.
  • Borrow from $5,000 to $25,000 with a rate as low as 7.49% APR° when you use ePay from any Santander checking account.
  • Enjoy the flexibility of repaying and reusing your credit line whenever you like, and only pay interest on the amount you use.

Learn More...

Sphere Credit Card.

Sphere® Credit Card

No Annual Fee^^, plus one reward point for every dollar you spend.

  • 0% Introductory Annual Percentage Rate (APR) on balance transfers for 24 months if taken within the first 90 days of account opening^^; After the introductory period a variable APR for balance transfers from 13.24% to 25.24% based on the Prime Rate and your creditworthiness.
  • One reward point earned for every dollar spent.
  • Earn 10,000 bonus points when you spend $1,000 on new net retail purchases with your card within the first 90 days of opening your account.
  • Advanced security features including Zero Liability for Fraud when promptly reported.

Learn More...

* 0.90% annual percentage yield (APY) is available when the balance in the Santander® Money Market Savings account is between $10,000 and $4,999,999; 0.30% APY is applied when your balance is less than $10,000 or $5,000,000 or higher. These APYs available for new accounts only, are effective as of today, and may change at any time and after your account is opened. Fees may reduce earnings. A minimum deposit of $25 is required to open a Santander® Money Market Savings account. Personal accounts only.

1 All other fees apply.

2 You can withdraw funds from your Santander® Money Market Savings account no more than 6 times by computer, telephone, preauthorized transfer, check, or Debit Card purchase each service fee period. Fees apply if you exceed these limits, and if you repeatedly exceed these limits, we will close your account or convert your account to a checking account.

§ Please refer to your Online Banking or Personal Deposit Account Agreement for details on your responsibility for promptly reporting unauthorized transactions.

◊ Click here for more information about our Identity Theft Assistance Services

° Rates: To get a Personal Line of Credit ("Line") with the best rate shown above, you must live in MA, RI, CT, NH, NJ, PA, NY, MD, DE, ME, VT or DC and use automatic payment (ePay) from any Santander checking account. If ePay is discontinued, the interest rate will increase by 0.25 percentage points and your payment will increase. You must also meet our highest credit standards. Ask about higher rates that may be available for applicants who do not meet those standards. The Line Annual Percentage Rate (APR) may vary monthly based on the latest U.S. Prime Rate published in The Wall Street Journal as of the first business day of the month, plus a margin of 4.24% (now 7.49%). The minimum Line APR is 6.49% and the maximum rate is 18.00% APR. Fees: $50 annual fee. The fee is assessed in the first month after the account is opened and each following year on the account anniversary date during the draw period. The fee will be waived if you have a Santander Select, Premier Plus or Premier Checking account at the time the fee is assessed and will be reduced to $25 if you have a Preferred checking account. All other accounts will be assessed the standard $50 fee. Draw & Repayment Terms: The Line has a five year draw period during which you can obtain advances and elect either principal and interest or interest-only payments. Thereafter, no additional advances may be taken and the Line will enter its five year repayment period during which you must repay both principal and interest. Other Information: Line use is subject to the terms of the Personal Line of Credit Agreement, including terms that permit Lines to be suspended, reduced or terminated in certain circumstances. The minimum Line amount is $5,000 and the maximum is $25,000. All information is accurate as of November 22, 2015 and is subject to change. Line accounts are subject to approval.

^^ 0% Intro Annual Percentage Rate (APR) for 24 billing cycles on balance transfers made within 90 days of opening your account. After introductory period a variable APR for balance transfers from 12.99% to 24.99% based on the Prime Rate and your creditworthiness, with a transaction fee for each balance transfer of either $10 or 4%, whichever is greater. Variable APR for purchases from 12.99% to 24.99%, based on your creditworthiness when you open your account. Cash advance rate of 24.99% APR. Minimum finance charge of $1.50. The fee for cash advances is $10 or 5%, whichever is greater. Penalty rate of 29.99% APR. The foreign transaction fee is 3% of the gross amount of transactions made in a foreign currency and transactions made in U.S. Dollars that are processed outside the 50 United States, District of Columbia, Puerto Rico, or Santander ATMs in Mexico. Purchases of wire transfers from a non-financial institution of either $10 or 4% of the amount of each transaction, whichever is greater. There is no annual fee. There is no grace period on balance transfers. Also if you take a balance transfer offer, this means that unless your purchase APR is at an introductory or promotional 0% APR, you will pay interest on new purchases from the date made if you do not pay all balances, including the promotional balance transfer, in full by the next payment due date appearing on your statement. Rates are effective as of today. Please see the Terms and Conditions for additional rate, fee, and other cost information.