Choice Money Market

High-yield savings—
with flexibility. 

3.28% APY1
on balances of $2,500 or more​

Earn competitive rates, access your money
anytime, and pay no ATM fees2 worldwide. 

Explore the benefits of Apple Bank Choice Money Market Account.
Earn
3.28% APY1

Avoid market volatility and grow your money faster with an 3.28% APY1 on balances of $2,500 or more - significantly higher than the National Average.3

Access your money anytime

Get unlimited debit card transactions, plus write the occasional check if you need to. No ATM fees and no debit card purchase fees if traveling abroad.2

Get trustworthy, local
service

In the branch or on the phone, we are here to help you choose the best account and support you on your financial journey.

Maximize your interest — earn a preferred rate with the Apple Choice Banking® program.4


Open and maintain a Choice Checking and a Choice Money Market account and meet the requirements 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. 

 

 

Premier Tier

Choice Checking Account Only

 

 

What You Get:

  • ✓ Earn 2.50% APY1 on your Choice Checking Account
  • ✓ Waived $10 monthly maintenance fee on Choice Checking Account


Eligibility Requirements: 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

Elite Tier

Choice Money Market & Choice Checking Accounts

 

What You Get:

Premier Tier benefits, plus:

Preferred Rate
Earn up to
3.80%APY1
on your Choice Money Market Account

 

Choice Money Market Account Rates

Standard Interest Rate Standard APY Preferred Rate Preferred APY
3.23% 3.28% 3.73% 3.80%

Eligibility Requirements: 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®5 in stores or online.
  • Zero-liability for unauthorized transactions6
  • 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, contactless purchases.
  • Misplace your card? No problem. Lock your debit card7 in an emergency through the Apple Bank Debit App.8
  • Set up real time alerts that will help you monitor transactions without logging in.
  • Plus, get unlimited, reimbursements of any ATM operator surcharges if you use a non-Apple Bank ATM.2
Apple bank Debit Visa
Manage your saving and spending in the Apple Bank Mobile App.8
Keep Balances at Your Fingertips
No need to call or visit a branch. Get up-to-date balance and transaction information quickly without logging on via push notifications, text, or email.  
Grow Your Savings
Keep your savings growing with automatic re-occurring transfers or direct deposits into your Choice Money Market Account. Easily transfer money between accounts you own at another bank that may be earning a lower rate and meet your savings goal faster.  
Quickly Send & Receive Money with Zelle®9
Pay businesses and people you trust almost instantly or provide your contact information to receive a payment and have it credited to your account. 
Deposit Checks Securely
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 device.10 
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Calculate your savings11

We help you plan ahead. Use our savings calculator to see how much you could earn in your account.

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More great benefits of the Apple Bank Choice Money Market Account.
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24/7 Telephone Banking
Get your account balance, review transaction information, or make a transfer anytime you need to, even when the bank is closed.
Checks icon
Need to Write Checks?

If you need to write a check, it’s no problem. No need to transfer funds, checks can be written directly from the account.

Credit Card
Shop with Confidence
Use your Apple Bank Visa® Debit Card anywhere that Visa® is accepted, in stores or online. Zero-liability for unauthorized transactions, giving you peace of mind wherever you shop.6
Digital payment
Move Your Money with Ease

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

Digital Wallet Icon
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.

Money Secure Icon
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?

Ask your local Apple Banker for details.

Choice Money Market FAQs

Got questions? We have answers.



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 App8. 
    • 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 deposit10: Once you open your account, download the Apple Bank Mobile App8 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 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 rate of 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. 


Credit Transaction: A qualifying credit transaction for purposes of qualifying for the Elite tier benefits of this Program means a credit of $25 or more to your Apple Bank Choice Checking account from an ACH direct deposit, mobile Remoted Deposit Capture (mRDC), or a transfer from an account at another financial institution (including Person-to-Person transfers (P2P), such as Zelle®9). Credit transactions by any other means (e.g., ATM and/or in-person branch deposits or transfers between your accounts at Apple Bank) do not qualify as a credit transaction for purposes of meeting the eligibility criteria stated above. 


Debit Transaction: A qualifying debit transaction for purposes of qualifying for the Elite tier benefits this Program means a debit of $25 or more from your Apple Bank Choice Checking account and includes ACH debits, electronic bill payments, electronic funds transfers to an account at another financial institution (including Person-to-Person transfers (P2P), such as Zelle®9) or use of your Visa® Debit Card as a method of payment for a purchase. Debit transactions by any other means (e.g., ATM and/or in-person branch withdrawals or transfers between your accounts at Apple Bank) do not qualify as debit transactions for purposes of meeting the eligibility criteria stated above. 

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 $20,000 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.

 

1Annual Percentage Yields (APYs) disclosed are effective as of July 8, 2025 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 2.47% interest rate and 2.50% APY. A $100.00 minimum deposit is required to open the Choice Checking account. You must maintain a minimum daily balance of $2,500.00 in your account each day to earn the stated APY.  A minimum daily balance of $2,500.00, or any ACH Deposit, or enrollment in paperless statements for the Choice Checking account, is required to avoid a $10.00 monthly maintenance fee. Fees may reduce earnings.    

Annual Percentage Yields (APYs) disclosed are effective as of July 8, 2025 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: 3.23% interest rate and 3.28% APY; $50,000.00 or more: 3.23% interest rate and 3.28% 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 Choice Money Market 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 the account and no monthly maintenance fee regardless of account balance. 

2There are no fees when using non-Apple Bank domestic and international 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. 

3National 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 June 16, 2025. See the FDIC website for more information. 

4When you have an Apple Bank Choice Checking account, you are automatically enrolled in the Apple Choice Banking® Program in the Standard tier. To qualify for the Premier tier, you must be the primary owner of the Apple Bank Choice Checking account and meet at least one of the following requirements during the monthly evaluation period: (i)  Maintain a minimum daily balance of at least $2,500 in the Choice Checking account for every day of the month; or (ii) receive at least one (1) qualifying ACH deposit (of any dollar amount) during the month in your Choice Checking account; or (iii) enroll in paperless statement for the Choice Checking account.  If you meet any one of these requirements, your Choice Checking account monthly maintenance fee will be waived for that month.  

To qualify for the Elite Tier and receive the preferred rate on the Apple Bank Choice Money Market account, the following additional requirements must all be met: (i) The primary owner of the Choice Checking account must also be the primary or secondary owner of the Choice Money Market account; and (ii) you complete at least five (5) Qualifying Credit and/or Debit transactions of at least $25.00 per transaction in your Choice Checking Account during each monthly statement cycle and; (iii) you maintain a minimum balance of $2,500.00 in the Choice Money Market account on the evaluation date you qualify to earn a preferred rate that is one-half of one percent (0.50%) higher than the current interest rate in effect for the Choice Money Market Account. 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, the preferred interest rate will be reduced to the current Apple Bank Choice Money Market Account interest rate in effect on the day after evaluation date. The Apple Choice Banking® Program allows for one (1) Choice Checking account which may be linked to multiple Choice Money Market accounts for the purposes of receiving the preferred rate where qualifying criteria is met monthly. 

Eligibility Requirements

You need an Apple Bank Choice Checking account to be eligible for the Apple Bank Choice Banking Program. To qualify for the Elite tier benefits, you’ll also need one or more Apple Bank Choice Money Market accounts. Your monthly activity in your Apple Bank Choice Checking account determines your tier status. 

Benefits Evaluation Period: The benefits evaluation period (“evaluation period”) is determined by the statement cycle date (currently month end) of your Apple Bank Choice Checking account and Apple Bank Choice Money Market account. The Bank will evaluate the transactions conducted on your Apple Bank Choice Checking account and the balances of both your Apple Bank Choice Money Market and Apple Bank Choice Checking accounts to determine if you will receive any of the applicable tier benefits during the evaluation period. The evaluation period begins three (3) business days before your statement cycle date (currently month end) and ends three (3) business days prior to the following statement cycle date. 

Standard Tier
Eligibility Criteria: Customers who are the Primary Owner of a Choice Checking account automatically qualify for the Standard Tier. 

Tier Benefit: The Standard Tier benefits are those stated in your Choice Checking account Truth in Savings Disclosure provided at account opening and as updated from time to time. 

Premier Tier
Eligibility Criteria: To qualify for the Premier Tier, you must be the Primary Owner of the Choice Checking and meet at least one of the following criteria: 

  • Maintain a minimum daily balance of $2,500 in the Choice Checking account every day of the month; or 

  • Receive at least one (1) Qualifying ACH Deposit during the month in the Choice Checking account; or 

  • Enroll in Paperless Statements for the Choice Checking account. 

Benefit: If you meet the Premier Tier requirements, the $10.00 monthly maintenance fee for your Choice Checking account will be waived for that month. 

Elite Tier
Eligibility Criteria: To qualify for the Elite Tier, you must first meet the Premier Tier requirements and also meet all of the following criteria: 

  • Be the Primary or Secondary Owner of an Choice Money Market account; and 

  • Maintain a minimum balance of $2,500 in the Choice Money Market account on the evaluation date; and 

  • Conduct at least five (5) Qualifying Credit or Debit Transactions (minimum $25.00 per transaction) in the Choice Checking account during each monthly statement cycle. 

Benefit: Customers who meet the eligibility criteria for the Elite Tier will receive a preferred interest rate on each of their eligible Apple Bank Choice Money Market accounts. The preferred interest rate is a rate that is one-half of one percent (0.50%) higher than the then-current interest rate in effect for the Apple Bank Choice Money Market account. The preferred interest rate will be effective the day after the monthly evaluation period. If you do not meet the monthly transaction requirements, the preferred interest rate will remain at/change to the standard Apple Bank Choice Money Market account interest rate the business day after the evaluation period. You must maintain a minimum daily balance of $2,500 in your Apple Bank Choice Money Market account to earn the standard interest rate. You will not earn the stated standard interest rate for any day(s) that your Apple Bank Choice Money Market account(s) balance falls below $2,500. If you qualified for the preferred interest rate benefit in the Apple Bank Choice Banking® Program, but your Apple Bank Choice Money Market account(s) balance falls below the minimum balance required while the preferred rate is applied, the preferred rate will be limited to one-half of one percent (0.50) for the days your account balance is below the required minimum. Note: If your Qualifying ACH Deposit to meet the Premier Tier requirement was greater than $25.00, this transaction will also apply to the five Qualifying Credit or Debit Transactions required for the Elite Tier. 

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. 

Credit Transactions 

A qualifying credit transaction for purposes of qualifying for the Elite tier benefits of this Program means a credit of $25 or more to your Apple Bank Choice Checking account from an ACH direct deposit, mobile Remoted Deposit Capture (mRDC), or a transfer from an account at another financial institution (including Person-to-Person transfers (P2P), such as Zelle.) Credit transactions by any other means (e.g., ATM and/or in-person branch deposits or transfers between your accounts at Apple Bank) do not qualify as a credit transaction for purposes of meeting the eligibility criteria for the Elite tier.  

Debit Transactions 

A qualifying debit transaction for purposes of qualifying for the Elite tier of this Program means a debit of $25.00 or more from an Apple Bank Choice Checking Account and includes ACH debits, electronic bill payments, electronic funds transfers to an account at another financial institution (including Person-to-Person transfers (P2P) such as Zelle®) or use of your Visa Debit Card as a method of payment for a purchase. Debit transactions by any other means (e.g., ATM and/or in-person branch withdrawals or transfers between their accounts at Apple Bank) do not qualify as a debit transaction for purposes of meeting the eligibility criteria for the Elite tier. 

5Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A Inc.

6U.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. 

7When 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. 

8​Data fees from your mobile carrier may apply. 

9U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.  


10Mobile 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”. 


11This calculator is intended for informational purposes only and is not intended to provide today's actual rates. Your actual results may vary. Results provided by this calculator are intended for Illustrative purposes only, and the accuracy is not guaranteed. This calculator does not assure the availability of, or your eligibility for, any specific product offered by Apple Bank, nor does the calculator predict or guarantee the actual rate. You are viewing a third-party created calculator. Apple Bank assumes no responsibility for, nor does it control, endorse or guarantee any aspect of your use of this calculator.

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