Discover Ponce Bank’s Money Market Deposit Account offering 5.26% APY, FDIC insurance, and no fees. Start saving with just $1 and support underserved communities.
Key Takeaways
- Money Market Deposit Account with 5.26% APY, 7.9x higher than the national average.
- FDIC insured, no fees, and a $1 minimum deposit.
- Ponce Bank supports underserved communities through impactful investments.
Why Choose Ponce Bank’s Money Market Account?
Are you looking for a savings account that offers high returns and supports community development? Ponce Bank’s Money Market Deposit Account offers a remarkable 5.26% APY, significantly higher than the national average.
With no fees and FDIC insurance, this account is ideal for those who want to grow their savings while contributing to positive change.
Let’s dive into the features and benefits of this account to see how it can help you achieve your financial goals.
FIND MORE RAISIN SAVINGS NETWORK OFFERS HERE
Ponce Bank Money Market Deposit Account
Ponce Bank’s Money Market Deposit Account provides exceptional yields with the security of FDIC insurance. Here’s what makes this account special:
- Competitive APY: Earn a 5.26% APY, which is 7.9 times higher than the national average.
- FDIC Insured: Your deposits are protected up to $250,000 per depositor, per insured bank.
- No Fees: Enjoy the benefits without any hidden charges.
- Minimum Deposit: Start saving with as little as $1.
- Online Access: Manage your account and access your funds 24/7.
About Ponce Bank
Ponce Bank was established in The Bronx in 1960, during a time when many banks had abandoned the area. The founders saw the potential in these proud neighborhoods, anchored by a strong immigrant work ethic and entrepreneurial spirit. Over the past 60 years, Ponce Bank has provided the financial fuel needed to support these communities, helping to develop pockets of creativity and resilience throughout The Bronx, Brooklyn, Queens, Manhattan, and New Jersey.
Designated as a Community Development Financial Institution (CDFI), Ponce Bank is committed to investing in the future of underserved and underbanked communities. Their role as a Minority Depository Institution (MDI) further emphasizes their focus on communities of color and immigrants, particularly Latinos.
Ponce Bank is a member of the FDIC, ensuring that deposits are insured up to $250,000 per depositor, per insured bank, for each deposit account ownership category. Your funds are protected, providing you with peace of mind as you save.
Ponce Bank, Powered by Raisin
Ponce Bank collaborates with the secure Raisin platform to offer savings products to savers nationwide. Customers open accounts at Raisin.com, and the platform manages all aspects of the products offered by Ponce Bank, including deposits, withdrawals, statements, and customer service needs. Raisin provides exclusive access to a selection of Ponce Bank products, all free of charge.
- Security: Funds deposited into any of the products accessible through Raisin are held by federally insured institutions.
- Choice: Savings products from a network of financial institutions offer flexible terms and competitive interest rates.
- Convenience: One account to hold all your deposit products with simplified statements and easy access to manage your funds through a streamlined digital platform.
- Service: A supportive, accessible, responsive customer service team based in New York, NY, sets Raisin apart.
- Access: Enjoy 24/7 online access to your account and funds.
Our Take on Ponce Bank’s Money Market Deposit Account
By choosing Ponce Bank’s Money Market Deposit Account through Raisin, you can securely grow your savings with a high APY and support a bank dedicated to investing in underserved communities. Start your savings journey today and take advantage of the exceptional yields offered by Ponce Bank.
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