What is a Money Market Account?

Foster financial growth with a Santander® Money Market Savings Account. Put your savings on the fast track to achieving your goals with a competitive high rate when you maintain at least $10,000 in the account.

Santander® Money Market Savings Account Features

Savings on Autopilot

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

Competitive Rates

A competitive high rate offered when you maintain at least $10,000 in this money market savings account.

Great Companion

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

Avoid Overdraft Fees

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

Easy Access

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

Consolidated Statements

Combine your Premier Plus Money Market Savings and Checking accounts in one monthly statement.

Benefits of Banking with Us
Convenience
Convenience
  • Over 675 branches and more than 2,000 Santander ATMs across the Northeast, including many CVS®/pharmacy locations.
  • Monitor your balances or activity with customizable email or text alerts.
  • Online and Mobile Banking.
  • Mobile Check Deposit.
  • A Debit MasterCard® for your everyday on–the–run purchases§.
  • Easy, quick access to directly deposited funds.
Security
Security
  • FDIC Insurance coverage up to applicable limits.
  • Online Banking Guarantee§§.
  • Real-Time Fraud Monitoring.
  • Identity Theft Assistance Services.
Service
Service
  • Toll-free number to speak to a Personal Banking Representative.
  • Switch Services team to help if you're moving from another bank.


May We Also Suggest?

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

** 0% introductory APR for 24 billing cycles on balance transfers made within 90 days of opening your account and 0% introductory APR for 12 billing cycles on purchases. After the introductory period, a variable APR for balance transfers and purchases from 12.99% to 22.99% based on the Prime Rate and your creditworthiness, with a transaction fee for each balance transfer of either $10 or 4%, whichever is greater. 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. Cash advance APR of 24.99%. Minimum finance charge of $1.50. The fee for cash advances is $10 or 5%, whichever is greater. Penalty APR of 30.49%, which may apply indefinitely to your account if you miss payments or otherwise default. 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. Rates effective as of 01/01/2017.  Rates are subject to change.