Savings solutions for your long term goals
M.Y. Safra Bank’s savings options help you establish and grow a financial foundation.
Whether seeking a higher rate to complement your existing checking account or a reliable money market option to maximize large balances, M.Y. Safra Bank is here for you.
Silver Savings
Open M.Y. Safra Bank’s Silver Savings account and rest assured that your long-term savings continue to safely grow into the future. Link your checking account and set up automatic transfers to easily advance your savings development.
- Optional debit card
- Withdraw money at over 16,000 ATMs nationwide
- Receive $30 in monthly rebates (or up to 10 transactions) on withdrawals at non-M.Y. Safra Bank ATMs
- Access e-statements to quickly and securely review your monthly activity
Platinum Money Market
M.Y. Safra Bank’s Platinum Money Market account ensures you maintain a competitive interest rate while maintaining access to immediate liquidity.
- Optional debit card and check-writing capabilities
- Withdraw money at over 16,000 ATMs nationwide
- Receive $30 in monthly rebates (or up to 10 transactions) on withdrawals at non-M.Y. Safra Bank ATMs
- Choose between e-statements or paper statements to view monthly activity
High-Yield Money Market
With a nationally recognized leading interest rate, the High-Yield Money Market account offers competitive growth on deposits up to $2 million. Monitor transactions and the growth of your funds through the Bank’s secure online banking platform.
Fee Schedule
All accounts require a minimum opening deposit of $100.
For customers enrolled in the Silver Savings Account, if the average daily account balance during the monthly period falls below $1,000, the monthly maintenance fee of $5 may be waived if the customer maintains a relationship balance equal to or greater than $25,000.
For customers enrolled in the Platinum Money Market Account, if the average daily account balance during the monthly period falls below $5,000, the monthly maintenance fee of $20 may be waived if the customer maintains a relationship balance equal to or greater than $100,000.
For customers enrolled in the High-Yield Money Market Account, the annual Percentage Yield (APY) of 0.25% valid on new personal accounts depositing new money. Existing customers must deposit a minimum of $10,000 in new money to receive APY. Minimum balance of $5,000 required to open account and to earn APY. APY of 0.25% guaranteed on all balances greater than $5,000 to a maximum of $2,000,000. Balances greater than $2,000,000 will receive an APY of 0.25%. Other Terms and Conditions may apply.
The M.Y. Safra Platinum Money Market, High-Yield Money Market and Silver Saving Account(s) allow for limited "pre authorized" withdrawals. Pre-authorized withdrawals are withdrawals made by check, debit card payment to third parties, telephone, fax and withdrawal transfers via the internet. Withdrawals or transfers initiated at an ATM are not pre-authorized, and are unlimited. Exceeding 6 pre-authorized withdrawals per monthly statement cycle will lead to a $15 per item fee on the M.Y. Safra Platinum Money Market, High Yield Money Market and Silver Saving Account(s). In addition to this fee the M.Y. Safra Platinum Money Market Account(s) may be closed or converted to an account type which is not subject to withdrawal limitations. Please contact a M.Y. Safra Bank Client Representative if you have any additional questions regarding your Platinum Money Market, High Yield Money Market and Silver Saving Account(s).