Available nationwide, Ponce Bank is offering 4.95% APY when you open a High Yield Money Market account. To earn this competitive rate, simply have an opening deposit of $1 to earn the high rate.
Update 9/19/24: The new rate is updated.
Ponce Bank High Yield Money Market is one of America’s highest rates. I suggest to jump on this Money Market account!
Editor’s Update: I spoke to a CSR and she told me it’s a soft pull to open an account with them.
About Ponce Bank Money Market
Established in 1960, Ponce Bank was born in The Bronx, NY. Their founders saw nothing but the potential of proud neighborhoods anchored by a strong immigrant work ethic and entrepreneurial spirit.
For the past 60 years since, they have provided banking needs throughout The Bronx, Brooklyn, Queens, Manhattan and New Jersey.
With their High Yield Money Market account, you can enjoy features such as Online banking with online Bill Pay, Mobile Banking with Mobile Deposit, Telephone banking, eStatements, and so much more.
If you are interested and qualify, apply online today!
| Balance Requirement | APY Rate |
| $1+ | 4.95% APY |
Ponce Bank Money Market Rate
- Learn More at Ponce Bank
- Account Type: High Yield Money Market
- Interest Rate: 4.95% APY
- Availability: Nationwide
- Minimum Balance: $1
- Maximum Balance: None
- Credit Inquiry: Soft Pull
- Opening Deposit: $1
- Monthly Fee: None
- Early Termination Fee: None
(FDIC Insured)
ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 3 days | $9,999,999 | $9,999,999 | |
| Pull | 3 days | $9,999,999 | $9,999,999 |
How to Earn Ponce Bank Rate
- Open a High Yield Money Market account from Ponce Bank with an opening deposit of $1.
- Fund the account and maintain a minimum balance of $1 to earn 4.95% APY rate.
Why You Should Sign Up For This Account
- FDIC Insured
- Only $1 to open
- Interest compound Daily
- Interest credited Monthly
- No monthly fee or maintenance fee.
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Bottom Line
Check out this offer from Ponce Bank. The opening deposit automatically waives the monthly fee, leaving you less to worry about. It takes just minutes online, so open an account today!
Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
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