mph.bank is offering residents nationwide a 3.86% APY + up to $1,600 bonus when you open a High-yield money market deposit account (MMDA).
Update 12/1/25: You can currently earn up to $1600 bonus through December!
- Start your savings journey this December with promo code GIFT — available for new customers only. Open your first account, fund within 14 days, and earn cash rewards all year long. The more you save, the more you earn up to $1600.
- Deposit $10,000 earns a $15 quarterly bonus (up to $60 bonus).
- Deposit $25,000 earns a $38 quarterly bonus (up to $150 bonus).
- Deposit $50,000 earns a $75 quarterly bonus (up to $300 bonus).
- Deposit $100,000 earns a $150 quarterly bonus (up to $600 bonus).
- Deposit $250,000 earns a $400 quarterly bonus (up to $1600 bonus).
Terms:
- New customers to the Raisin platform only. New customers are eligible to earn a cash bonus each quarter for all of 2026 when they deposit and maintain funds with partner banks and credit unions on the Raisin platform subject to the following terms. To qualify, sign up and initiate your first deposit between December 1, 2025, and December 31, 2025 using promo code GIFT during signup. Qualified new customers will then receive a quarterly bonus based on their Eligible Deposit balance maintained on the Raisin platform for each quarter. Quarterly bonus tiers for Eligible Deposit balances are: $15 for balances between $10,000 and $24,999, $37.50 for balances between $25,000 and $49,999, $75 for balances between $50,000 and $99,999, $150 for balances between $100,000 and $249,999, and $400 for balances of $250,000 or more. “Eligible Deposits” are defined as both funds on deposit and deposits initiated on the Raisin platform by the 14th day of a calendar quarter (the “Qualification Date”). To qualify for a bonus tier, your Eligible Deposit balance must remain above the minimum for a bonus tier from the Qualification Date until the end of that quarter. If your Eligible Deposit balance declines at any time during a quarter after the Qualification Date, you will be placed in the bonus tier corresponding to your lowest Eligible Deposit balance for that quarter even if you subsequently deposit additional funds in that same quarter (though such funds will count as Eligible Deposits for the following quarter). Customers may increase their Eligible Deposit balance and corresponding potential bonus tier by adding funds prior to the quarterly Qualification date (i.e., the first 14 days of the quarter). Bonus payouts for each quarter will be credited directly to your Cash Account within 30 days of that quarter’s end. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.
mph.bank Money Market Deposit Account Review
mph.bank is a digital bank that focuses on delivering value directly to its customers.
A savings product from mph.bank can offer highly competitive interest rates in part because there’s no spending going toward splashy marketing or expensive naming rights for professional sports stadiums.
mph.bank was created by Liberty Savings Bank, which has a history of offering products and services that deliver value for people. For mph.bank, the priority is empowering customers’ financial success. Making People Happy. It’s that simple.
mph.bank deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B., Member FDIC.
I’ll review the mph.bank Money Market Deposit Account below.
mph.bank Money Market Rate
To easily earn mph.bank’s competitive rate, start by opening a High-yield Money Market Deposit Account (MMDA).
- Eligible account: High-yield 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+ | 3.86% APY |
Editor’s Notes:
- According to the CSR, there is no dollar limit on the transfers. Many new online banks have small limits like $5k. Only one link can be established. They don’t allow multiple links to multiple banks.
- Interest Calculation: Interest will be compounded daily and credited on the last calendar day of each month.
mph.bank Money Market Features
- Deposits are FDIC insured through Liberty Savings Bank.
- No fees. $1 minimum deposit.
- 24/7 online access to funds.
Eligibility
To open an account, you must meet the following to be eligible:
- Mus be a U.S. citizen or U.S. resident alien with a U.S. social security number (SSN),
- Resides in the U.S.
- Have an existing deposit account that you maintain at a bank or credit union in the U.S. (to fund your mph.bank money market account)
- External bank account routing number & account number (to fund account)
Are My Deposits Safe?
mph.bank is powered by Liberty Savings Bank, FSB, member FDIC. Deposits in mph.bank are insured by the FDIC up to the limits of federal law.
The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.
 |
 |
Conclusion
If you’re looking to open an interest bearing account, mph.bank offers a competitive rate. mph.bank is part of and backed by a century-old, FDIC-insured financial institution, Liberty Savings Bank.
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.
You can download the mph.bank app on the Apple App Store here and Google Play here.
