UMass Amherst Branch Closed May 20, 2022. Please note our UMass Amherst campus branch will be closed for the remainder of the week. Members are welcome to visit our Hadley Branch for any of your banking needs, and are encouraged to schedule an appointment in advance. As always, our online and mobile banking services remain available for your convenience, which includes the ability to deposit checks using our mobile banking app.
Money Manager Savings
Make your money work for you.
Our Money Manager accounts are a great option for earning a higher dividend rate while keeping your savings within reach. With multiple earning tiers, the higher your savings balance, the more you'll earn.
Higher rates
Both our Money Manager Savings, and Money Manager Plus Savings accounts are available in separate savings tiers, allowing you to earn a higher rate for larger balances.
Save for a large purchase
Both accounts allow you to systematically save through payroll deduction, and are a great way to save for more medium to long term goals–such as saving for a car, or house.
Within Reach
While competitive with our Term Deposit Certificate rates, Money Manager Accounts are similar to a regular savings, and allow up to 6 transfers from the account per month.That means you don't need to worry about your money being locked into a term if a financial emergency arises.
Money Manager Savings Account Rates
| Tier | Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0-$24,999 | 0.03% | 0.03% |
| 2 | $25,000-$49,999 | 0.03% | 0.03% |
| 3 | $50,000-$74,999 | 0.05% | 0.05% |
| 4 | $75,000+ | 0.10% | 0.10% |
| Rates subject to change at any time. Rates effective as of April 1, 2022. |
*The Money Manager Savings account is a dividend bearing account with a $2,500 minimum balance. A $10.00 service charge will be applied once per month if the balance drops below $2,500 at any time during the month.
Money Manager Plus Savings Account Rates*
| Tier | Balance | Dividend Rate | Annual Percentage Yield |
|---|---|---|---|
| 1 | $0 - $100,000 | 0.05% | 0.05% |
| 2 | $100,000.01-$200,000 | 0.10% | 0.10% |
| 3 | $200,000.01 and over | 0.20% | 0.20% |
| Rates subject to change at any time. Rates effective as of April 1, 2022. |
*Rates as stated for Money Manager Plus Savings accounts apply only to the portions of the account balance in each tier, which will result in a blended Annual Percentage Yield for the full account balance. A $25.00 service charge will be applied once per month if the balance drops below $100,000 at any time during the month.
Start Saving Today!
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For additional disclosures and additional details, visit here.
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