Byline Bank | Personal MMA Rates | Start saving today.

Money Market Accounts

Boost your savings with our flexible, high-yield account options.

Signature Money Market^{1, 4}

Earn 3.25% APY*

$5,000 minimum to open account. $25,000 minimum to earn 3.25% APY. Tiered account with APY based on account balance. New funds only.

A tiered account to earn higher rates the more you save!
No monthly service fees with required minimum balance maintained
FDIC insured up to allowable insurance limits
Full service access online or in branch

Open Online

Advantage Money Market^{2, 4}

4.10% APY*

$25,000 minimum deposit to open with new funds only.

Digital account opening only with convenient online access
No monthly service fees with required minimum balance maintained
FDIC insured up to allowable insurance limits

Open Online

Online Money Market^3,4

4.00% APY*

$5,000 minimum deposit to open with new funds only.

Digital account opening only with convenient online access
Great rate for those starting to save
FDIC insured up to allowable insurance limits

Open Online

Start saving in less than 3 minutes.

If you’d like to accelerate your savings, money market accounts are an excellent, low-risk option. Money market accounts earn a higher interest rate than traditional savings accounts, but with more flexible terms than a CD or brokerage account.

With convenient online account opening in less than 3 minutes and the personal attention you’d expect from a local bank, making the most of your money with a Byline Bank MMA couldn’t be easier.

Open Online

*APY = Annual Percentage Yield. Rates are effective as of 11/08/24.

1. Signature Money Market
Signature Money Market Account (SMMA) offering the APY based on the following balance: APY of 0.50% on balances of $5,000 – $9,999.99, APY of 2.25% on balances of $10,000 – $24,999.99, APY of 3.25% on balances of $25,000 – $99,999.99, APY of 3.35% on balances of $100,000 – $249,999.99 and APY of 3.50% on balances of $250,000 and more. Rates may change after the account is opened. New funds only as defined as not currently on deposit with Byline Bank. Minimum $5,000 to open the account and earn APY. A monthly fee of $25 will be imposed if minimum daily balance falls below $5,000. Interest compounded and paid monthly. SMMA Fees may reduce earnings on the account. Rates are set at the bank’s discretion and may change at any time. We reserve the right to cancel or change the promotion at any time.

No monthly service fee will be assessed on the first statement cycle after account opening. Interest rates on all accounts are set at the bank’s discretion. Interest rates and annual percentage yields may change at any time without notice. For tiered rate accounts, the disclosed interest rate is paid on the entire balance for that tier. You must maintain the minimum required balance in the account each day to obtain the annual percentage yield listed above. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings on the accounts. See Deposit Account Agreement and Disclosures for additional terms.

2. Advantage Money Market
The Advantage Money Market Account (the “Account”) must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $25,000 to open and a minimum daily balance of $25,000 to avoid a $25 monthly service fee. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. Must be opened with New Money, defined as new-to-Byline.

3. Online Money Market
The Online Money Market must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $5,000 to open and a minimum daily balance of $5,000 to avoid a $25 monthly service fee. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. Must be opened with New Money, defined as new-to-Byline.

4. Interest rates
Interest rates are set at Byline Bank’s discretion and may change at any time without notice. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). Interest is compounded and paid monthly based on your statement cycle. Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings.