Patriot Bank is offering residents nationwide a 4.40% APY when you open a High-yield Money Market Deposit Account (MMDA).
Update 1/16/25: The rate has decreased to 4.40% APY from 4.57% APY.
Patriot Bank Money Markets Review
Patriot Bank (CT) is headquartered in Stamford and is the 18th largest bank in the state of Connecticut. It is also the 1,001st largest bank in the nation.
I’ll review the Patriot Bank High-yield Money Market Deposit Account (MMDA) below.
Patriot Bank Money Market Rate
To easily earn Patriot 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 or Hard 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+ | 4.40% APY |
Editor’s Notes:
- According to the CSR, there is no dollar limit on the transfers (ACH Bank-to-Bank Transfers).
Patriot Bank Money Market Features
- Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.
- Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.
- Access: Enjoy 24/7 online access to your account and funds.
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Conclusion
If you’re looking to open an interest bearing account, Patriot 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.
