Money Market / Savings
Whether you’re saving for a new home, a dream vacation, or retirement, Magyar Bank has the account you need to help your money grow. Choose from any of our savings or money market accounts and start building your nest egg.
Each of our Savings and Money Market Accounts come with Free Online Banking and Bill Pay, and Free Telephone Banking so you can manage your money at your convenience.
Statement Savings*
Earn interest on balances over $100 and build your nest egg.
- $100 Minimum to open
- $2.00 monthly maintenance fee if the balance falls below $100 any day of the statement cycle
- Earn interest on balances of $100 or more
- Free eStatements
- Free Online Banking
Passbook Savings*
- $100 Minimum to open
- $2.00 monthly maintenance fee if the balance falls below $100 any day of the statement cycle
- Earn interest on balances of $100 or more
Kids Club*
A great way to teach children the importance of saving money
- $25 Minimum to open
- No monthly maintenance fee
- Free Online Banking
- Earn interest on balances of $25 or more
Advantage Money Market*
Earn a higher rate than regular checking accounts. Up to six pre-authorized transfers per statement cycle
- $10,000 Minimum to open
- No monthly maintenance fee
- Free eStatements
- Free Online Banking
- ATM Card with no annual fee
- Earn interest on your deposit
*Account subject to Regulation D transfer limitations. During any monthly cycle you may not make more than six (6) preauthorized withdrawals or transfers to another account of yours or to a third party by means of automatic transfer, telephone order or instruction, computer transfer, or by check, draft, debit card or similar order. For current fee information click here.