Basic Money Market
- Earn interest on each day the account balance is above the minimum required.
- Talk to your Newtown Savings Bank representative to find out how to waive the monthly fee.
- Earn interest each day the balance is above the minimum required.
- The rate paid may be higher if you maintain larger balances. The more money you have, the more money you make.
- Talk to your Newtown Savings Bank representative to find out how to waive the monthly fee.
- Access millions in FDIC insurance for deposits, both large and small, and enjoy the simplicity of banking through Newtown Savings Bank with convenient statement.
- Your large deposit is broken into amounts under $250,000 and placed at other FDIC-insured banks that are members of the IntraFi Network. These banks issue demand deposit accounts, money market deposit accounts and Certificates of Deposit (CDs)
- This is a convenient way to access FDIC insurance on deposits that exceed the standard FDIC insurance maximum of $250,000 at any one institution.
*Placement of funds through the IntraFi Network Deposits service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. Unlimited program withdrawals are available when using the demand option. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. ICS and CDARS are registered service marks of IntraFi Network LLC, formerly Promontory Interfinancial Network, LLC.