Money Market Account Rates Deal of the Day: Scott Valley Bank at 1% APY

Within Santa Cruz County, California, is a small city named Scotts Valley. The area was named after Hiram Scott, who bought the land in 1850 from Joseph Ladd Majors. During that same time period, Adam Baker Carlock left his family in Iowa and set out to “go west” and explore all the bounties of California. Ultimately, that young man being a banker and the founding father of what eventually became the Scott Valley Bank.

Since the humble beginnings of servicing minors, Scott Valley Bank has evolved to be a full-service financial institution offering a full array of depositor products. Among their offers are money market accounts with interest rates based on the amount of money placed on deposit. The tiers are as follows:

• Money market accounts ranging between $1 – $9,999 can earn .25% APY
• Money market accounts ranging between $10,000 – $24,999 can earn .35% APY
• Money market accounts ranging between $25,000 – $49,999 can earn .50% APY
• Money market accounts ranging between $50,000 – $99,999 can earn .65% APY
• Money market accounts ranging between $100,000 – 499,999 can earn .75% APY
• Money market accounts starting at $500,000 and more can earn 1% APY

Like with any other money market account, there are additional terms depositors need to be aware of including:

• Minimum opening balance of $2,500 required
• Account rates are variable
• Rate may change at the bank’s discretion

Scott Valley Bank is proud to be California’s oldest independent bank with a history dating back to 1858. The financial institution has around a dozen locations in the Golden State.

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Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.