For Connecticut residents, Guilford Savings Bank is offering a rate of 2.40% APY when you open a Money Market Account with an opening deposit of $1,000.
Continue reading below to learn everything you need to know about Guilford Savings Bank.
About Guilford Savings Bank Money Market
Founded in 1875, they have a proud history as a trusted institution in the communities they serve. They have grown to 6 branch locations. Additionally, they strive to have a commitment to the community with no stockholders. This means that it’s in their best interest that their customers succeed.
I’ll review Guilford Savings Bank Money Market below.
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Guilford Savings Bank Money Market 2.40% Rate
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To earn this generous rate, just maintain the opening deposit of $1,000. After that, you can earn the 2.40% APY Rate on all balances up to $1,000,000.
- Account Type: Money Market Account
- Interest Rate: 2.40% APY
- Availability: Connecticut (Branch Locator)
- Minimum Balance: $0.01
- Maximum Balance: $1,000,000
- Credit Inquiry: Soft pull or Hard Pull? Let us know.
- Opening Deposit: $1,000
- Credit Card Funding: Unknown, Let us know
- Monthly Fee: $10, See below on how to avoid
- Early Termination Fee: None listed, check with CSR information
(FDIC Insured)
Guilford Savings Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | |
| Pull | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with Guilford Savings Bank’s ACH capabilities.
How to Earn Guilford Savings Bank Rate
- Open a Money Market from Guilford Savings Bank with an opening deposit of $1,000.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Maintain a minimum balance of $0.01, enroll in online banking, and agree to electronic-only statements.
- The $10 monthly service fee is waived if you maintain an average monthly balance of $10,000.
| Balance Requirement | APY Rate |
| $0.01 – $1,000,000 | 2.40% APY |
| $1,000,000+ | 0.02% APY |
Why You Should Sign Up For This Account
- Earn rate on all balances, up to $1,000,000
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- All deposits are FDIC insured to the maximum amount allowed by the law
Bottom Line
Earn this rate of 2.40% APY on all balances up to $1,000,000. However, if you want to avoid the $10 monthly fee, you must have a minimum balance of $10,000 each month. This won’t be too hard to waive especially if you have larger amounts of money in your savings account.
In my opinion, there are even better offers out there! For more offers, see our complete list of Best Bank Rates!
Check back often to see the latest info on Guilford Savings Bank Money Market Account.
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