Money Market Account

The savings account that helps you earn more, faster

Higher savings are now in reach

Earn more when you save more with our money market savings account. It's a convenient way to build your savings and reach your goals quicker.

Higher interest rates

Earn anywhere from 0.05% to 0.15% APYDD based on your balance.

Easy access

Unlimited withdrawals and transfers in person or at First Citizens ATMs.

Bank when you want

Enjoy free Digital Banking,D bill pay and 24/7 mobile deposits.

Money Market Account Benefits & Pricing

Higher rates and easy access

Earn more

Earn up to 0.15% APYDD depending on your money market account balance.

Forget the fees

Maintain a $1,000 daily balance to avoid a $10 maintenance fee.D

Get started online

Open your money market account online with a minimum deposit of $500.

Get alerts

Securely keep track of your account activity with text and email alerts.

Spot spending trends

Use the Manage My Money trends tool to visualize your spending habits.

Manage wealth

See the full picture by tracking all your accounts, even from other financial institutions.

Payments & Transfers

Instantly move your money wherever you need it

Pay your bills from any device

Send money with Zelle®

Transfer funds to other accounts

Payments & Transfers

Instantly move your money wherever you need it

Pay your bills from any device

Payments & Transfers

Instantly move your money wherever you need it

Send money with Zelle®

Payments & Transfers

Instantly move your money wherever you need it

Transfer funds to other accounts

Money Market Account Interest Rates

Balance tiers

Money Market Balance


$0 to $999


$1,000 to $9,999


$10,000 to $24,999


$25,000 to $49,999


$50,000 to $99,999


$100,000 to $499,999




Interest rates for money market savings accounts may vary depending on your area. Contact your local branch for details.

How to get started

It's easy to open a money market account online in just 3 steps.

Step 1

Tell us about yourself

To start your application, we'll ask for your personal details such as name, address, email address and Social Security number.

Step 2

Make your first deposit

Make an initial deposit of $500 or more with your credit or debit card, or by transferring funds from an existing First Citizens checking or savings account.

Step 3

Enroll in Digital Banking

Get online access to your money market account right away when you enroll in Digital Banking.

Proactive Protection

Take control of your finances

Prepare for the unexpected by linking your savings account to your checking for overdraft protection and to track your balances with alerts.
Direct Deposit

Enjoy pay day without a trip to the bank

Get quicker access to your recurring deposits such as paychecks and federal payments when you set up direct deposit.

People often ask us

A money market savings account, also called a money market account, is a tiered savings account that offers higher interest rates as your savings grow. Interest is compounded daily and paid out monthly, which helps your account balance grow more quickly than a traditional savings account.

A money market account is a great choice when you want to save money but aren't sure when you'll need access to your funds. It offers a couple of advantages over other types of savings accounts. First, it's a tiered savings account, which means you can earn more interest as your account balance grows. And unlike certificates of deposit, or CDs, you can withdraw funds without penalty, up to the regulatory limit of 6 transactions per month. This means you can access your funds when you need them, rather than having to wait for them to mature.

The main difference between a money market account and a regular savings account is interest. Money market accounts typically offer higher interest rates, and those rates are tiered based on the account balance. In other words, you earn more when you save more. Regular savings accounts, on the other hand, have the same rate regardless of your balance.

Other differences include fees and the minimum opening deposit required for each type of account. Be sure to compare these details when choosing which type of account to open. Talking to a banker at your local branch can also help you decide which account is right for you.

You can open a money market account online in only a few minutes. We'll ask you to provide some personal details before you can fund your account. The minimum opening deposit is $500. Once your account is open, you can enroll in online Digital Banking and access everything it has to offer. If you'd like to open your account in person, you can visit a local branch.

The minimum opening deposit for a money market savings account is $500. To waive the $10 monthly maintenance fee, maintain a daily balance of $1,000.

Yes. Your money market account is FDIC-insured up to $250,000.


A few financial insights for your life

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Account openings and credit are subject to normal bank approval.

For complete list of account details and fees, see our Personal Account Disclosures.

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

APY (annual percentage yield) is accurate as of ${date-today}. After that time, the rate is variable and may change. Other account-related fees may apply. Fees could reduce the earnings on the account.

First Citizens does not charge fees to download or access First Citizens Digital Banking, including the First Citizens mobile banking app. Mobile carrier fees may apply for data and text message usage. Check with your carrier for more information. Fees may apply for use of certain services in First Citizens Digital Banking.

The $10 maintenance fee and $0.30 per PIN-based transaction is waived if you maintain a daily collected balance of $1,000.

Minimum opening balance of $500 in new funds to First Citizens, maximum of $1,000,000, required to receive the advertised APY.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.