MYSB Direct Products

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MYSB Direct Certificates of Deposit Accounts

Account Term Interest Rate Annual Percentage Yield (APY)** Minimum Deposit
3 Month Online CD 3.20% 3.25% $500
6 Month Online CD 5.14% 5.26% $500
7 Month Online CD 1.00% 1.00% $500
12 Month Online CD 5.18% 5.30% $500
18 Month Online CD 4.97% 5.08% $500
24 Month Online CD 4.55% 4.65% $500
36 Month Online CD 4.37% 4.46% $500
48 Month Online CD 4.12% 4.20% $500
60 Month Online CD 4.23% 4.31% $500
13 Month No-Penalty CD 4.89% 5.00% $5,000

MYSB Direct Money Market

Balance Interest Rate Annual Percentage Yield (APY)**
$0 up to $4,999.99 0.00% 0.00%
$5,000 up to $250,000 4.03% 4.10%

Higher rates through our online-only Bank

Grow your savings at rates that consistently rank among the highest in the nation.*

Opening an account with M.Y. Safra Bank gives you an opportunity to watch your money grow at a competitive rate, offering one of the top Annual Percentage Yields in the market*, with just a few clicks, taking less than 3 minutes to open.  You can have peace of mind with FDIC insurance, offering you the security your account deserves.  

Our online-only products are conveniently accessible through M.Y. Safra Bank’s online and mobile banking platforms. You can pay bills, conduct transfers, monitor activity, review statements and more, anywhere or anytime.

All Rates Subject to Change Daily- Effective as of February 13, 2024.
  * National Average obtained from
* For CDs, the APY assumes monthly compounding of interest and that funds will remain on deposit until maturity. Annual Percentage Yield (APY) is accurate as of 02/13/2024 and applies to US Citizens and Resident Aliens depositing new funds into consumer accounts only. Website rates are generally updated each week. APY may be changed at any time without prior notice.
A penalty will be imposed for early withdrawal of principal with the exception of the No-Penalty CD product (see product disclosure for further details). Fees may reduce earnings. APY assumes interest earned is kept in the CD for the full term.
For No-Penalty CD products - Early withdrawal of funds without penalty is permitted up to two times. The third withdrawal request will result in the closure of the account. You may not withdraw the principal amount of a No-Penalty CD for the first six (6) days following the date on which the account was funded or within six days of the most recent partial withdrawal. $5,000 minimum balance to earn stated APY for No-Penalty CD.  We reserve the right to treat any withdrawal which would reduce the balance remaining in the account below the required minimum balance of $5,000 as a close out of the account. Funds currently on deposit with M.Y. Safra Bank do not qualify for the No-Penalty CD products.

**For MYSB Direct Money Market Accounts, APY — Annual Percentage Yield is accurate as of 02/13/2024. Interest Rates for the Money Market account is variable and may change at any time without prior notice. Fees may reduce earnings. You must maintain a minimum average daily balance of $5,000.00 in the account to obtain the disclosed annual percentage yield. The average daily balance that falls below $5,000 are applicable to a $10 monthly fee. Enforcement of a limit on the number of transactions per month is suspended until further notice.
Mobile Banking
Access to your M.Y. Safra Bank accounts is as close as your mobile device. Our app keeps financial details at hand, allowing you to manage money anytime.
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