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Digital Personal Money Market

Earn higher yields than our digital savings account

If you maintain higher balances, a Digital Personal Money Market lets you earn higher yields as your balance grows. Beyond saving, a Digital Personal Money Market account also gives you easy access to your funds whenever they’re needed.

 

To open an account, after you click on Open Now:

  • If you are an existing Cathay Bank customer, select “I’m already a customer.”
  • If you are new to Cathay Bank, select “I’m a new customer.”
  • If you started an account application not yet submitted, select “I already have an application.”

Higher Annual Percentage Yields

Earns a variable tiered interest rate higher than our Digital Statement Savings account.

Flexible access

Get convenient access to banking accounts from your mobile, tablet or computer.

FDIC insured

Get FDIC protection on your account for up to $250,000 per depositor for each ownership category.

Monthly compounding

The interest will compound and credit monthly, as shown on your monthly statement.

Get to know Digital Personal Money Market

  • The minimum opening deposit is $5,000.
  • To avoid the $10 monthly maintenance charge, maintain a minimum daily balance of $5,000 in the account.
  • Fee waived for first order of basic style checks.
  • 24/7 online account access and unlimited teller service.
  • Surcharge-free withdrawals within the PULSE Select® / Money Pass® ATM network.

 

 

To open an account, after you click on Open Now:

  • If you are an existing Cathay Bank customer, select “I’m already a customer.”
  • If you are new to Cathay Bank, select “I’m a new customer.”
  • If you started an account application not yet submitted, select “I already have an application.”

Open now

 

Digital Personal Money Market Rates

Balance tier

Minimum opening deposit

Interest rate

Annual Percentage Yield

Minimum balance to obtain Annual Percentage Yield

$3,000,000 and over

$5,000

0.30%

0.30%

$3,000,000

$1,000,000 to $2,999,999.99

$5,000

0.30%

0.30%

$1,000,000

$500,000 to $999,999.99

$5,000

0.25%

0.25%

$500,000

$300,000 to $499,999.99

$5,000

0.20%

0.20%

$300,000

$100,000 to $299,999.99

$5,000

0.15%

0.15%

$100,000

$50,000 to $99,999.99

$5,000

0.15%

0.15%

$50,000

$25,000 to $49,999.99

$5,000

0.15%

0.15%

$25,000

$10,000 to $24,999.99

$5,000

0.10%

0.10%

$10,000

$0.01 to $9,999.99

$5,000

0.10%

0.10%

$0.01

 

Transactions from savings accounts may be subject to limitations. Please refer to the Truth in Savings Initial Disclosure provided to you at account opening for details. You may be charged an excess withdrawal fee of $10 for each transaction if you exceed the account limitations. Variable, tiered rate account. The interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. The interest rate and APY paid depends on the balance tier into which the account's end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end of day. Interest Rates and APYs are current as of 2021-11-29. Fees can reduce the earnings on the account.

 

Cathay Bank

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