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Money Market Frequently Asked Questions

A Money Market account is a type of savings account offered by that typically earns a higher interest rate than a traditional savings account, while also providing some features of a checking account, like limited check-writing. 

A deposit minimum is the amount of your initial deposit that you must put into your account for the Money Market rate to apply to your funds. 

APY stands for Annual Percentage Yield and is the actual amount of return you will achieve according to compounding interest on your financial instrument.  

More complete information can be found on the FDIC website, including FDIC’s Electronic Deposit Insurance Estimator (EDIE).

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Big Enough to Count / Small Enough to Care™

What it means to bank
with us.

At Vectra Bank, our bankers take the time to get to know you by name and understand where you are in your financial journey — and where you’re headed.  
 
Here, we’re committed to delivering the kind of reliability you’d expect from a big bank and the personalized care you can’t get anywhere else.  
 
If you’re ready to take advantage of our Personal Money Market special and experience first-hand what it means to bank with us, we’re ready to help you get started.