Treasury Bill Indexed Money Market
The benefits of the Apple Bank Treasury-Bill Indexed Money Market Account
Earn up to 2.55% APY1
Grow your money at a competitive rate. Plus, as your account balance increases, so does your interest rate.
Tap into your money whenever you need it with this fully liquid account - without penalties.
In the branch or on the phone, we’re here to help you choose the best account and answer all your questions.
Earn high-yield interest on your savings, while enjoying the flexibility of a checking account.
How the Account Works:
- Open your account with $10,000 to avoid the monthly maintenance fee.
- Deposit at least $25,000 within 30 days of account opening.
- Maintain a minimum daily balance of at least $25,000 each day thereafter to earn the stated APY.
- Interest is compounded daily and credited to your account monthly.
- Rates are set monthly and locked in until the beginning of the next month.
- Pay bills, write checks, make transfers and debit card purchases as you need to.
| Account Balance | Annual Percentage Yield (APY)1 |
|---|---|
| $25,000 to $49,999 | 1.81% which is 50% of the indexed rate |
| $50,000 to $99,999 | 2.18% which is 60% of the indexed rate |
| $100,000 or more | 2.55% which is 70% of the indexed rate |
| Balance | APY |
|---|---|
| $25,000 to $49,999 | 1.81% which is 50% of the indexed rate |
| $50,000 to $99,999 | 2.18% which is 60% of the indexed rate |
| $100,000 or more | 2.55% which is 70% of the indexed rate |
Stay connected to your savings with the Apple Bank Mobile App.2
Get up-to-date information on your balance, transactions, and interest earned - whenever you need it. No need to call or visit a branch.
Keep your savings growing with automatic re-occurring transfers or direct deposits into your Treasury-Bill Indexed Money Market Account. Transfer money between your Apple Bank accounts or other bank accounts you own with lower rates and meet your savings goal faster.
Transfer or withdraw your interest monthly to add to your retirement income or assist with meeting your monthly expenses and leave your balance to work for you each month at a competitive rate.
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 via a personal check, you can simply take a photo of the check to deposit it using your mobile device.4
Pay anyone you want, 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 T-Bill Money Market Account.
Get your account balance, view transaction information, and make transfers anytime you need to, even when the branch is closed.
When you want to write checks, it’s no problem. This account allows for unlimited check writing.
Use your Apple Bank Visa® Debit Card anywhere that accepts Visa® in stores or online. Zero-liability for unauthorized transactions.3
Simply transfer money between your Apple Bank accounts and your accounts at other banks using online banking.
No need to make a trip to the bank. Receive payments, your tax refund and government benefits electronically with Direct Deposit.
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
T-Bill Indexed Money Market FAQs
Answers to frequently asked questions.
The T-Bill Indexed Money Market account can be opened at any of our 75+ branch locations. This product cannot be opened online.
Treasury Bill Indexed Money Market APY is based on an index calculated by taking the rate of the closing “Asked” discount basis of the 30-day Treasury Bills as quoted and published in The Wall Street Journal or at wsj.com on the last business day of the prior month as set forth below. If there are no exact Treasury Bills with a 30-day maturity, then the “Asked” rate used shall be for Treasury Bills with a maturity date closest to, but not to exceed 30 days. New APYs will take effect on the first calendar day of each subsequent month and will remain in effect through each subsequent month-end.
The minimum amount to open this account is $10,000.
Yes. While the interest rate on this account is indexed against the 30-day Treasury Bill, the deposits in your Treasury Bill Money Market account are on deposit at Apple Bank and would be FDIC insured up to the maximum allowable limits.
Yes, you can have your debit card linked to your T-Bill Money Market account to be able to withdraw cash, transfer funds or make purchases if you do not have a checking account linked to that same card.
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®5, 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.
There is a $10 monthly maintenance fee if the daily balance in your account falls below $10,000 on any day of the month.
You may also be interested in these resources.
1These Annual Percentage Yields (APYs) are effective through June 30, 2026. Treasury Bill Indexed Money Market rate is based on an index calculated by taking the rate of the closing “asked” discount basis of the 30-day Treasury Bill as quoted and published in The Wall Street Journal on the last business day of the prior month as set forth below. If there are no exact Treasury Bills with a 30-day maturity, then the “asked” rate used shall be for Treasury Bills with a maturity date closest to, but not to exceed 30 days. New APYs will take effect on the first calendar day of each subsequent month and will remain in effect through each subsequent month-end. Based on the current index balances of $25,000.00 to $49,999.99 earn an APY of 1.81%, which is 50% of the indexed rate, balances of $50,000.00 to $99,999.99 earn an APY of 2.18%, which is 60% of the indexed rate, and balances of $100,000.00 or more earn an APY of 2.55%, which is 70% of the indexed rate. There is no interest paid on deposits under $25,000.00. $10,000.00 minimum deposit is required to open the account. A monthly service fee of $10.00 will be charged each month at the end of the statement cycle if the account balance falls below $10,000.00 on any day of the month. Fees may reduce earnings. Deposit insurance subject to FDIC limits
2 Data fees from your mobile carrier may apply.
3 US 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.
4 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”.
5 U.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.
Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A Inc.