Super Money Market Account
Strong Returns and Convenient Access
Are you looking for a smart savings option that delivers both a strong return and convenient access? Then take a look at our Super Money Market Account.
A Burke & Herbert Bank Super Money Market Account offers individuals and business owners a guaranteed introductory rate of 2.00% for six months on all account balances. After the introductory period, you'll still earn competitive rates, with the opportunity to earn higher rates with higher balances. Plus, you'll have access to your funds whenever you wish and, when your Super Money Market Account maintains a balance of $25,000 or more, your savings will grow fee-free.1
In addition, you can rest assured that your savings are secure because your Super Money Market Account is FDIC-insured up to maximum allowable limits.2
Want to Enjoy Even Higher Rates?
If a strong return is your primary goal and you don't need access to your funds in the near term, a Certificate of Deposit (CD) is a smart choice. Learn about our 7-Month CD and our 15-Month CD to see how you can earn more.
Act Now and See Your Savings Grow
You can open a Super Money Market Account today by visiting your closest Burke & Herbert Bank branch, or call us at 703-684-1655.
1. The introductory 2.00% rate is guaranteed for six months from the date of account opening and is available for both Super Money Market and Business Super Money Market Accounts. After the introductory period (six months), you will receive our standard Interest Rates/Annual Percentage Yields (APYs), which are based on account balances as follows (accurate as of 6/12/2019):
Up to $24,999.99, interest rate after intro is 0.10% and APY is 1.06%;
$25,000 to $99,999.99, interest rate after intro is 1.00% and APY is 1.51%;
$100,000 to $999,999.99, interest rate after intro is 1.85% and APY is 1.94%;
$1,000,000 and over, interest rate after intro is 2.00% and APY is 2.02%.
These APYs are blended APYs calculated using the introductory Interest Rate and the Interest Rate after the introductory period. This is a variable rate account subject to change without notice.
$1,000 minimum to open. $10 monthly fee if average daily balance is less than $25,000. Six transactions per monthly statement cycle; $2 fee per transaction thereafter. Fees could reduce earnings.
2. Each depositor is insured to at least $250,000.