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Money Market & Savings Rates

Money Markets
Account Type Personal Account Opening Deposit Business Account Opening Deposit Minimum Balance1 Interest Rate Annual Percentage Yield
Personal Money Market $500
$0 to $9,999 0.25% 0.25% Locations



$10,000 to $24,999 0.50% 0.50%



$25,000 to $49,999 0.50% 0.50%



$50,000 and above 0.75% 0.75%
Personal Spectrum
Money Market		 $2,5003
$0 to $9,999 0.25% 0.25%



$10,000 to $24,999 0.50% 0.50%



$25,000 to $49,999 0.75% 0.75%



$50,000 to $74,999 1.00% 1.00%



$75,000 to $99,999 1.00% 1.00%



$100,000 to $249,999 1.24% 1.25%



$250,000 and above 1.49% 1.50%
Business Money Market
$1,000 $0 to $9,999 0.25% 0.25%



$10,000 to $49,999 0.50% 0.50%



$50,000  and above 0.75% 0.75%
Spectrum Business Money Market
$2,5004 $0 to $9,999 0.25% 0.25% Locations



$10,000 to $24,999 0.50% 0.50%



$25,000 to $49,999 0.75% 0.75%



$50,000 to $249,999 1.00% 1.00%



$250,000 to $999,999 1.24% 1.25%



$1,000,000 and above 1.49% 1.50%
Public Funds Money Market2
$1,000 $0 to $9,999 0.25% 0.25% Locations



$10,000 to $49,999 0.50% 0.50%



$50,000 to $499,999 0.75% 0.75%



$500,000 and above 0.75% 0.75%

Savings Accounts
Account Type Personal Account Opening Deposit Business Account Opening Deposit Minimum Balance1 Interest Rate Annual Percentage Yield
Everyday & Business Savings $50 $50 $150 0.15% 0.15% Locations
Kids Savings5 $10
All Amounts 0.15% 0.15% Locations
Personal Spectrum Savings3 $50
$1,000 0.25% 0.25% Locations
Business Spectrum Savings3
$50 $1,000 0.25% 0.25% Locations


Deposit Rates are accurate as of 12/19/2024 and subject to change without notice. Checking, Money Market, and Saving rates are variable and may change after the account is opened. Interest is compounded daily and will be credited to the account on the scheduled statement date, except for blended rate accounts for which the interest is daily simple. Fees may reduce earnings. Daily balance is the amount of principal in the account each day. Average Daily Balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period. Contact our Customer Service Center or visit your local branch for further information about applicable fees and terms.
 
  1. The minimum balance must be maintained for one year in order to receive the Annual Percentage Yield.
  2. Account owner must be a municipality or other public entity and is subject to approval for account collateralization in the sole discretion of BankFinancial.
  3. Spectrum Checking account required to open.
  4. A Business Checking account is required; except for HOA accounts.
  5. Must be titled as a custodian account or joint tenants with rights of survivorship. Primary account owner must be under the age of 21.