M.Y. Safra Bank has saving options to help you establish and grow your financial foundation.
Whether seeking a Savings Account to complement your existing Checking Account, a high-rate Money Market Account to maximize your earnings or a guaranteed interest rate with a Certificate of Deposit Account, M.Y. Safra Bank is here for you.
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Silver Savings |
Platinum Money Market |
| Savings Features |
Essential Savings |
Premium Rate Savings |
| Amount to Open |
$100 |
$100 |
| Mobile Deposit |
✓ |
✓ |
| Paper or E-Statements |
✓ |
✓ |
| Linked to Debit Mastercard |
✓ |
✓ |
| Up to 10 monthly ATM Transaction Rebate $30 |
✓ |
✓ |
| Online & Mobile Banking with Bill Pay |
✓ |
✓ |
| Check Writing Ability |
|
✓ |
| Minimum Account Balance |
$1,000 Avg Daily Balance |
$5,000 Avg Daily Balance |
| Minimum Relationship Balance |
$25,000 Avg Daily Balance |
$100,000 Avg Daily Balance |
| Monthly Fee |
$5.00 |
$10.00 |
Certificates of Deposit
Our Certificates of Deposit (CD) offer you a high yield fixed interest rate for a selected term, ranging from 3 months to 60 months. The choice is yours!
The most advantageous approach is to create a CD ladder, whereby you divide your investment funds over multiple CD terms at increasing rates. As CDs mature, you reinvest them at the longest term in your initial investment. By spacing out the terms, a CD reaches maturity every few months. This provides you with the potential opportunity to reinvest at higher rates or to achieve greater liquidity.
Analyze the benefits of a CD-investment strategy and estimate your potential savings growth over a full term with our investment calculator.
Retirement Accounts
Retiring comfortably is a goal for most of our clients. The majority of our CD and Savings products are available as Individual Retirement Accounts (IRAs).
For additional information, please contact one of our Bankers.