Hanover Bank is offering residents nationwide a 5.30% APY when you open a money market deposit account (MMDA).
Update 6/21/24: The rate has increased to 5.30% APY from 5.27%.
Hanover Bank Money Market Deposit Account Review
Hanover Bank is a different kind of bank. Our formula for success is simple. We keep our customers front and center. Hanover’s mission is defined by a passion for excellence in our approach to products, services, and solutions. We strive to create a first-class banking experience that exceeds our clients’ expectations, shows our employees they are our greatest resource, positively impacts the communities we serve and inspires the confidence of our shareholders and stakeholders.
I’ll review the Hanover Bank Money Market Deposit Account below.
Hanover Bank Money Market Rate
To easily earn Hanover Bank’s competitive rate, start by opening a Money Market Deposit Account (MMDA).
- Eligible account: Money Market Deposit Account (MMDA)
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $1
- Monthly fee: None
- Early Termination Fee: Not listed
(FDIC Insured)
How to Earn Rate
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
| Balance Requirement | APY Rate |
| $0.01+ | 5.30% APY |
Hanover Bank Money Market Features
- Liquidity with an amazing rate.
- FDIC insured. No fees. $1 minimum deposit.
- 24/7 online access to funds.
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Conclusion
If you’re looking to open an interest bearing account, Hanover Bank offers a competitive rate.
Let us know about your experience with this bank and comment below.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers.
Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
