Direct Money Market Deposit Account
For a high rate on your deposits while keeping your money within reach, the Direct Money Market Deposit Account is the right choice for you.
Earn one of the highest rates on the market.
5.07% APY1
for balances $2,500 and over
Your Direct Money Market Deposit Account:
- Grow your money faster with compounded interest
- Online transfer of funds using your external bank account
- FDIC insurance up to the maximum allowable
- Unlimited deposit transactions, and up to six withdrawals and transfers per month
- $0 Monthly Maintenance Fee2
TotalDirectBank can conduct business anywhere in the US with the exception of Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands and US Virgin Islands. A valid state issued ID or U.S. passport is required to open an account.
Please note: There is a seven business day hold on funds availability the first time you initiate a deposit from an external account to your TotalDirectBank account via Automated Clearing House (ACH). This is designed to help protect you from potentially fraudulent activities. During this seven business day period, we’ll verify the transaction and ensure that the funds are available and legitimate before releasing them into your account. After the initial deposit, future ACH deposits from the same external account will not be subject to this hold period, and the funds will be available on the day we receive the deposit.