Apple Bank Choice Money Market Account

A flexible way to save - and spend
A high-yield savings account with the conveniences of a checking account.

Explore the Benefits of an Apple Bank Choice Money Market Account.

Earn 3.03% APY1

Avoid market volatility and grow your money faster with an APY that is up to 5x the National Average.2   

Access your money anytime

Get unlimited debit card transactions, check writing and no ATM fees3 at home or while traveling abroad.

Enjoy trustworthy, local service

In the branch or on the phone, we’re here to help you choose the best account and answer all of your questions.

Get even more benefits with the Apple Choice Banking® Program4

The Apple Choice Banking Program is designed to provide you additional benefits as you grow your relationship with Apple Bank and for the transactions you make every day.

Premier Tier

Choice Checking Account Only

Open a Choice Checking Account, and meet eligibility requirements each month through everyday banking—such as receiving your statement electronically or setting up direct deposit, to enjoy hassle free banking and waived monthly maintenance fees.

What you get:
  • Earn 2.00% APY1 on your Choice Checking Account
  • Waived $10 Monthly Maintenance Fee on your Choice Checking Account

 

 

Be the Primary Owner of the Apple Bank Choice Checking account and meet at least one of the following criteria. 

Maintain a $2,500 minimum daily balance in your Choice Checking Account 

Or enroll in Paperless Statements 

Or, receive one Qualifying ACH Deposit4 per month

Preferred Rate

Elite Tier

Choice Checking & Choice Money Market Account

Open a Choice Money Market along with your Choice Checking account and meet the requirements each month to qualify to earn a preferred interest rate that is one-half of one percent (0.50%) higher than the current interest rate on your money market balance. 

Get the Premier Tier benefits, plus:
  • Earn 3.55% APY1 on your Choice Money Market Account
Choice Money Market Account Rates
Standard Interest Rate Standard APY1 Preferred Rate Preferred APY1
2.98% 3.03% 3.48% 3.55%
Meet the requirements of the Premier tier and also meet all of the following criteria 
Be the Primary or Secondary Owner of An Apple Bank Choice Money Market account 

And maintain a $2,500 minimum daily balance in your Choice Money Market accounts on the evaluation date 

And make any combination of five Qualifying Credit and/or Debit Transactions4 per month from your Choice Checking account

Purchase confidently with your Apple Bank Visa® Debit Card.

  • Use your Apple Bank Visa® Debit Card anywhere that accepts Visa® in stores or online.
  • Zero-liability for unauthorized transactions.5
  • Enter your PIN or simply tap your card for faster checkout.
  • Link your card to your digital wallets (Apple Pay®, Google Pay™ and Venmo, among others) to make secure, on-the-go purchases.
  • Misplace your card? No problem. Lock your debit card6 in an emergency through the digital banking app.
  • Set up alerts that will help you monitor transactions without logging in.
  • Plus, make unlimited, fee-free Apple Bank ATM Transactions.3

See how much more money you can save with the Apple Bank Choice Money Market Account.

    APY1
   

Estimated Interest Earned

Apple Bank
  APY1
National Average
  APY2

Your savings could be worth after of monthly deposits at APY1

*This calculator and information are provided as self-help tools and are for illustrative purposes only. Interest Rates and APY are subject to change, and your actual interest earned may vary.

Manage your saving and spending in the Apple Bank Mobile App.7

In as little as a few minutes, you can send money to businesses and people you know and trust. Send money to your family, pay bills, pay back friends for lunch and more.

Keep your savings growing with automatic re-occurring transfers or direct deposits into your Choice Money Market Account. Transfer money between accounts you own with lower rates and meet your savings goal faster.

Deposit checks without leaving the comfort of your home. If your employer pays you by check, if you receive checks for dividends or investment income, or if someone pays you via a personal check, you can simply take a photo of the check to deposit it using your mobile device9.

Pay your monthly bills, for the amount you want, on the day you want - securely. All your payments stay organized and in one place.

Explore more benefits of the Apple Bank Choice Money Market Account.

24/7 Telephone Banking

Get your account balance, view transaction information, and make transfers anytime you need to, even when the branch is closed.

Need to Write Checks?

When you want to write checks, it’s no problem. This account allows for check writing.

Shop with Confidence

Use your Apple Bank Visa® Debit Card anywhere that accepts Visa® in stores or online. Zero-liability for unauthorized transactions.5

Move Your Money with Ease

Simply transfer money between your Apple Bank accounts and your accounts at other banks using Online Banking.

Easier Access to Your Funds

No need to make a trip to the bank. Receive payments, your tax refund and government benefits electronically with Direct Deposit.

Rest Easy Knowing Your Money is Secure

The money in your checking, savings, CDs, and money market deposit accounts are protected by FDIC insurance up to $250,000 per depositor, for each account ownership category.

Have questions? We're here to help.

An Apple banker at your local branch is ready to assist you.

Or call: 914-902-2775  |  TDD: 800-824-0710

Choice Money Market FAQs

Answers to frequently asked questions.

The Choice Money Market account can be opened at any of our 75+ branch locations.

Both accounts tend to offer competitive interest rates, but money market accounts provide easier access to your funds with features associated with a checking account for flexible spending, such as a debit card and checks.

The minimum amount to open this account is $100.

No, the debit card does not have any fees!

  • ATM: There are no fees when using non-Apple Bank ATMs. Plus, Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each statement cycle period.
  • Point-of-Sale Transactions (POS): There are no fees for domestic and international POS transactions

There are several ways you can make a deposit into your account:

  • Apple Bank branch or ATM: Visit your nearest location to make a deposit. Certain types of checks and money orders are not accepted at Apple Bank ATMs. 
  • Online Transfer: Log in to your account online at applebank.com or on the Apple Bank Mobile App7. 
    • You can transfer money from another bank account in your name or from another one of your Apple Bank accounts. To add a new account from another institution, go to Transfer and select Add External Account.
  • Mobile check deposit9: Once you open your account, download the Apple Bank Mobile App7 on your phone and enroll in mobile deposit. Then, you can deposit a check by simply taking a picture. Make sure each check is properly endorsed with your signature and account number. Remember to write “For Mobile Deposit Only” on the back.
  • Direct deposit: Fill out the form provided by your employer.
  • Mail your check: Make sure each check is properly endorsed with your signature and account number. Do not mail cash. Be sure to seal the envelope and mail it to us at:

Apple Bank
Depositor Services
1075 Central Park Avenue
Suite B09
Scarsdale, NY 10583-3242

You will be automatically enrolled in the Apple Choice Banking Program (the “Program”) once you have established an Apple Bank Choice Checking account. The Program rewards you for having an Apple Bank Choice Checking account and an Apple Bank Choice Money Market account. By meeting specific program requirements, you can qualify for a waiver of the Choice Checking monthly maintenance fee and earn a preferred interest rate on the Choice Money Market. You will receive the stated benefit(s) for each Program tier once you meet the criteria as detailed below. Each month we will send you an email notifying you if you qualified to receive the stated benefits listed for a particular tier for that month. You can un-enroll at any time by contacting CustomerLine at (914) 902-2775 (TDD: 800-824-0710).  

Eligibility Requirements: 

Standard You are the primary owner of an Apple Bank Choice Checking Account.  
You are automatically enrolled in the Program.
Premier You are the primary owner of an Apple Bank Choice Checking Account; AND 
  • Maintain a Minimum Daily Balance of at least $2,500.00 in the Apple Bank Choice Checking Account for every day of the month; OR 
  • Receive at least one (1) Qualifying ACH Deposit1 (of any dollar amount) during the month in your Apple Bank Choice Checking account; OR 
  • Enroll in Paperless Statements for the Apple Bank Choice Checking Account. 
You qualify for the Premier tier and your monthly maintenance fee is waived for that month. 
Elite You meet the requirements in the Premier tier; AND  
  • Are the primary or secondary owner of an Apple Bank Choice Money Market Account; AND 
  • Conduct five (5) Qualifying Credit and/or Debit Transactions4 of at least $25.00 per transaction in your Apple Bank Choice Checking Account during each monthly statement cycle; AND 
  • Maintain a Minimum Balance of $2,500.00 in the Apple Bank Choice Money Market Account on the evaluation date. 
You qualify to earn a preferred interest rate of one-half of one percent (0.50%) above the posted interest rate on your Apple Bank Choice Money Market Account for the month following evaluation period.  


Here are the full details on the qualifying transactions: 

ACH Deposit: A qualifying ACH deposit, for purposes of qualifying for the Premier tier benefits of this Program, means a deposit of any dollar amount to your Apple Bank Choice Checking account via ACH direct deposit. Examples of qualifying ACH direct deposits include state or federal benefits, direct deposit of pay checks etc. 

Qualifying Transaction: A qualifying transaction for purposes of receiving the Elite tier benefits of this Program means a credit or debit of $25 or more in your Choice Checking account from: an electronic (ACH) transaction such as direct deposit, bill payments, or automatic payments set up with a merchant; a transfer to or from an account at another financial institution; Person-to-Person payments (P2P), such as Zelle®; or a purchase using your Apple Bank Visa® Debit Card. Credit or Debit transactions by any other means (e.g., deposits or withdrawals at an ATM and/or in-person at a branch or transfers between your accounts at Apple Bank) do not qualify as a transaction for purposes of meeting the eligibility criteria for the Elite tier.

You can send money to friends and family you trust with daily transaction limit of $2,000 and a monthly limit of $10,000. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit. For more information on Zelle, visit Zelle’s FAQs.

You can deposit check(s) up to $10,000 a day through the mobile deposit service with a maximum of $25,000 a month. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit.

You can schedule a transfer to or from your account at another bank for up to $10,000 a day with a maximum of $10,000 a month. If you would like to request a higher limit, please contact us at 914-902-2775 and we can evaluate if you meet the criteria for a higher limit.

1 Annual Percentage Yield (APY) disclosed is effective as of June 1, 2026 for the Choice Money Market account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $2,500.00 or more at the following tiers: $2,500.00-$49,999.99: 2.98% interest rate and 3.03% APY; $50,000.00 or more: 2.98% interest rate and 3.03% APY. Rates do not reflect the Apple Choice Banking® Program preferred interest rates and APYs. A $100.00 minimum deposit is required to open the account. You must maintain a minimum daily balance of $2,500.00 in your account each day to earn the stated APY. There is no minimum daily balance requirement to maintain this account and no monthly maintenance fee regardless of account balance.

Annual Percentage Yield (APY) disclosed is effective as of June 1, 2026 for the Choice Checking account and may be changed by the Bank at any time, including after account opening. Interest is earned on daily balances of $2,500.00 or more at 1.98% interest rate and 2.00% APY. A $100.00 minimum deposit is required to open the account. You must maintain a minimum daily balance of $2,500.00 in your account each day to earn the stated APY. To avoid a $10.00 monthly maintenance fee for the Choice Checking account, a minimum daily balance of $2,500.00, or one ACH Deposit, or enrollment in paperless statement is required each month. Fees may reduce earnings.

2 National Average is based on the APY average for money market accounts with a minimum balance of at least $10,000.00 as reflected in the FDIC’s published National Rates and Rate Caps for money market deposit products, accurate as of May 18, 2026. See the FDIC website for more information. 

3 There are no fees when using non-Apple Bank ATMs, and Apple Bank will reimburse all surcharges imposed by the ATM owner/operator during each statement cycle period. There are no fees for domestic and international Point-of-Sale Transactions when using an Apple Bank Visa® Debit Card.

4 To be enrolled in the Apple Choice Banking Program, you must be the primary owner of an Apple Bank Choice Checking account. If you have more than one Choice Checking Account or Choice Money Market account eligible to receive the stated benefit for a tier, then each account will receive that benefit. To qualify for the Elite tier benefits, you must also have one or more Apple Bank Choice Money Market accounts. 

Note: If you have more than one Apple Bank Choice Checking account, your five Qualifying Credit or Debit Transactions do not need to be conducted from the same account; all qualifying transactions across your accounts will apply toward meeting the Elite tier requirements. 

The preferred rate becomes effective the day following the monthly evaluation date and remains in effect until the next evaluation date.  

If you do not meet the qualification requirements during the monthly evaluation period, you will earn the standard rate for the Choice Money Market Account in effect on the day after the evaluation date. The Apple Choice Banking Program allows for one (1) or more Choice Checking accounts that may be linked to multiple Choice Money Market accounts for the purposes of receiving the preferred rate where qualifying criteria are met monthly. 

ACH Deposit 

An ACH deposit, for purposes of qualifying for the Premier tier benefits of this Program means a deposit of any dollar amount to your Choice Checking account via ACH direct deposit, and includes state or federal benefits, direct deposit of pay checks. 

Benefits Evaluation Period 

The benefits evaluation period is based on the statement cycle date of your Choice Checking and Choice Money Market accounts (currently last day of the month) and starts three (3) business days before the statement cycle date and ends three (3) business days before the next statement cycle date. During this period, the Bank reviews the transactions on your Choice Checking account and the balances in both your Choice Checking and Choice Money Market accounts to determine your eligibility for any applicable tier benefits. 

Qualifying Transactions 

A qualifying transaction for purposes of receiving the Elite tier benefits of this Program means a credit or debit of $25 or more in your Choice Checking account from:  an electronic (ACH) transaction such as direct deposit, bill payments, or automatic payments set up with a merchant; a transfer to or from an account at another financial institution; Person-to-Person payments (P2P), such as Zelle; or a purchase using your Visa Debit Card. Credit or Debit transactions by any other means (e.g., deposits or withdrawals at an ATM and/or in-person at a branch or transfers between your accounts at Apple Bank) do not qualify as a transaction for purposes of meeting the eligibility criteria for the Elite tier.

5 U.S. issued cards only. Visa’s Zero Liability policy does not apply to ATM transactions or PIN transactions not processed by Visa. See your Cardholder Agreement for details.

6 When you place a lock on your debit card, it will prevent most types of card transactions from being processed until you take action to unlock your card. However, locking your card will not stop card transactions presented as recurring transactions, transactions that occurred prior to locking the card, or the posting of refunds, reversals, or credit adjustments to your account. Locking your card is not a replacement for reporting your card lost or stolen. This feature is available on the Apple Bank Debit Card app for Apple and Android devices. Data connection required. Wireless carrier fees may apply.

7 Data fees from your mobile carrier may apply.

8 U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes.

9 Mobile check deposits are subject to verification and to Apple Bank’s rules governing funds availability. For Apple Bank’s funds availability schedule, see the About Your Apple Bank Accounts Rules and Regulations, “Funds Availability”.

Zelle®â€¯and the Zelle®â€¯related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 

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Apple, Apple Pay® and App Store are registered trademarks of Apple Inc

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The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo, LLC.