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Smart Money Market

Making the most out of your savings

If you have higher deposits, a Smart Money Market lets you earn higher interest rates as your balance grows. Beyond saving, a Smart Money Market account also gives you easy access to your funds whenever they’re needed.

Earn higher returns

The Smart Money Market earns a variable tiered interest rate higher than other savings accounts.

Flexible access

Use your ATM card to access funds at Cathay Bank ATMs or our surcharge-free ATM network.

FDIC insured

Get FDIC protection on your account for up to $250,000 per depositor for each ownership category.

Monthly compounding

The interest will compound and credit monthly, as shown on your monthly statement.

Get to know Smart Money Market

  • The minimum opening deposit is $5,000.
  • No more than 6 transactions per month1.
  • To avoid the $10 monthly maintenance charge, maintain a minimum daily balance of $5,000 in the account.
  • 24/7 online account access and unlimited teller service.
  • Surcharge-free withdrawals within the PULSE Select® / Money Pass® ATM network.

Smart Money Market Rates

Balance tier

Minimum opening deposit

Minimum balance to obtain
Annual Percentage Yield

Interest rate 2

Annual Percentage Yield 2

$3,000,000 and over

$5,000

$3,000,000

0.40%

0.40%

$1,000,000 to
$2,999,999.99

$5,000

$1,000,000

0.40%

0.40%

$500,000 to
$999,999.99

$5,000

$500,000

0.30%

0.30%

$300,000 to
$499,999.99

$5,000

$300,000

0.25%

0.25%

$100,000 to
$299,999.99

$5,000

$100,000

0.15%

0.15%

$50,000 to
$99,999.99

$5,000

$50,000

0.10%

0.10%

$25,000 to
$49,999.99

$5,000

$25,000

0.05%

0.05%

$10,000 to
$24,999.99

$5,000

$10,000

0.05%

0.05%

$0.01 to
$9,999.99

$5,000

$0.01

0.05%

0.05%

  1. Transactions from savings accounts are subject to limitations. An excess withdrawal fee of $10 will be charged for each transaction in excess of the federally regulated limitations (no more than 6 per month).
  2. Variable, tiered rate account, the interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. The interest rate and APY paid depends on the balance tier into which the account's end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end of day. Interest Rates and APYs are current as of 2020-10-31. Fees can reduce the earnings on the account.
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Have a question?

Our team is happy to assist you with all your Personal Banking needs. Please reach out for more information.