Is the Money Market account FDIC-insured?

Yes. The Exchange Bank Money Market is a bank deposit account insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor, per insured bank, per account ownership category. This is a different product from a money market mutual fund sold by a brokerage firm, which is not FDIC-insured. Deposit-insurance details and the EDIE calculator are published at fdic.gov.

Exchange Bank Money Market Account: Tiered High-Yield With Cheque-Writing

Q: What is a money market account at Exchange Bank?

A money market deposit account blends higher-yield savings tiers with limited transactional features — specifically, a small monthly allowance of cheques written against the balance and an ATM card for cash access. It is a deposit account, FDIC-insured up to $250,000 per depositor per category, and distinct from a non-bank money market mutual fund. The Exchange Bank Money Market pays a tiered variable APY that increases at $2,500, $10,000, $25,000 and $100,000 balance breakpoints.

Q: How many cheques can I write each month?

The Money Market allows up to six cheque-and-electronic transfers per statement cycle under traditional federal deposit-account conventions, with ATM withdrawals and in-branch transactions uncounted. The bank may, at its discretion, extend higher limits. Large, recurring transactional needs typically fit better in a checking account — a money market is designed as a high-yield holding account with occasional payment capability.

Q: What APY does the tiered Money Market pay?

The Money Market pays a variable APY that steps up at four balance breakpoints — $2,500, $10,000, $25,000 and $100,000. Each higher tier applies to the whole balance on that day. Interest compounds daily and credits monthly. Current rates are disclosed under Regulation DD (Truth in Savings) and are published on the branch rate sheet, inside online banking or by calling 1-800-995-4066. Rates adjust with broader deposit-market conditions.

Q: Who is the Money Market designed for?

The account suits customers holding $10,000 to $250,000 in cash reserves who want a higher rate than Statement Savings while keeping occasional payment capability. Common uses: property-tax and insurance escrow outside a mortgage, down-payment savings within 6–18 months of a home purchase, business owner cash reserve, and retiree liquid reserve between CD ladders. For shorter horizons with no payment need, a CD typically yields more.

The Exchange Bank Money Market account sits between a savings account and a checking account — higher tiered APY than Statement Savings, limited cheque-writing and ATM access for the occasional transaction. Four balance tiers step up at $2,500, $10,000, $25,000 and $100,000, with interest compounded daily and credited monthly. Every dollar is FDIC-insured.

Rate disclosure follows Regulation DD (Truth in Savings). Deposit-insurance details and the EDIE calculator are published at fdic.gov.

Open at a Branch Sign In to Digital Banking

Exchange Bank Money Market dashboard with four balance tiers, APY trend and monthly cheque count

Tier	Balance Range	APY	Cheques / Month	Best For
Tier 1	$2,500 – $9,999	Entry variable APY	Up to 6	Emergency fund over savings rate
Tier 2	$10,000 – $24,999	Higher variable APY	Up to 6	Property-tax & insurance escrow
Tier 3	$25,000 – $99,999	Preferred variable APY	Up to 6	Down-payment savings 6–18 months out
Tier 4	$100,000 – $249,999	Top retail variable APY	Up to 6	Retiree liquid reserve between CD rungs
Jumbo Relationship	$250,000+	Negotiated (Premier)	Up to 6	High-net-worth relationship customers

Tiered Variable APY

Tier thresholds at $2,500, $10,000, $25,000 and $100,000. Each higher breakpoint pays a higher APY on the entire balance for that day — not just the incremental dollars above the breakpoint. Interest compounds daily and credits monthly. The rate sheet is variable and adjusts with broader deposit-market conditions; current rates are disclosed under Regulation DD and are available on the branch rate card, inside online banking or at 1-800-995-4066.

Limited Cheque-Writing & ATM

Up to six cheques or electronic transfers per statement cycle — aligned with traditional federal deposit-account conventions. In-branch withdrawals and ATM withdrawals are uncounted. An ATM-only debit card ships on opening; the account does not carry a point-of-sale debit card, reinforcing its role as a holding account. Larger transactional volume fits better in a checking account.

FDIC-Insured Bank Deposit

The Money Market is a bank deposit account, not a money market mutual fund. Deposits are insured by the FDIC up to $250,000 per depositor per account ownership category. A customer holding a Statement Savings, a joint Money Market and a retirement IRA Savings at the same institution therefore carries up to $750,000 of combined coverage across the three categories. Coverage is automatic on deposit opening.

Premier Relationship Integration

The Money Market balance rolls into the combined-balance calculation for Premier Checking fee waivers and relationship pricing on home loans, vehicle financing and personal credit. Households that consolidate a Money Market, a checking account and a CD at Exchange Bank typically cross the Premier threshold and unlock ATM-surcharge refunds, discounted wires and loan-rate discounts.

Down-Payment Savings 6–18 Months Out

A household saving for a Sonoma County home purchase within the next 12 to 18 months faces a trade-off. A CD locks the rate but penalises early withdrawal if a property comes up sooner. High-Yield Savings earns less than a CD. The Money Market sits in the middle — tiered higher than savings, fully liquid on short notice, and cheques or wire access available when the closing escrow invoice lands. Typical users: first-time homebuyers, trade-up buyers between homes, and cash-out refinance recipients redeploying proceeds.

Pairs naturally with Exchange Bank home loans and the CalHFA first-time-buyer program for down-payment assistance coordination.

Money Market tier chart with balance breakpoints and APY visualization

Mobile app showing Money Market tier, monthly cheques used and automatic transfer from checking

Property-Tax & Insurance Escrow Outside a Mortgage

Homeowners who paid cash or closed a mortgage without an escrow account face two annual property-tax instalments and an annual homeowners-insurance premium. Parking those funds in a Money Market earns tier APY while preserving the occasional-cheque capability to pay the Sonoma County Treasurer-Tax Collector directly. An automatic monthly transfer from checking sweeps the budgeted amount; the tax cheque writes out twice per year.

Some homeowners also use the account to manage earthquake-insurance deductibles, Wine Country fire-risk reserves and umbrella-policy renewals — a single mid-term cash pool across multiple annual obligations.

Retiree Liquid Reserve Between CD Rungs

Retired households building a CD ladder at Exchange Bank certificates of deposit need a liquid reserve covering 3–12 months of living expenses. A Money Market delivers that reserve at tier rates, with the cheque allowance covering quarterly estimated-tax payments and the ATM card supplying occasional cash. As each CD rung matures, proceeds land in the Money Market briefly before the next rung is opened — capturing tier APY during the transit days.

Under Regulation DD, all balance-tier APYs are disclosed at opening and reflected on monthly statements. Household-level deposit-insurance questions can be modeled via the FDIC EDIE calculator.

Retiree reviewing CD ladder and Money Market reserve with branch banker in Santa Rosa

Savings Accounts

Statement Savings, High-Yield Savings, Youth, IRA and Holiday Club — complementary products for lower balances.

Certificates of Deposit

Lock rate for 3 to 60 months beyond the variable Money Market yield.

Checking Accounts

Link Money Market as overdraft funding on Premier Checking.

Business Savings

Tiered business savings for sole proprietor and LLC cash reserves.

Digital Banking

Schedule transfers, view tier APY and manage cheque count online.

Wire Services

Outgoing wire access directly from Money Market on closing days.

What is a money market account at Exchange Bank?

A tiered deposit account blending higher-yield savings tiers with limited cheque-writing and ATM access. FDIC-insured up to $250,000 per depositor per category, distinct from a non-bank money market mutual fund.

How many cheques can I write each month?

Up to six cheques or electronic transfers per cycle. In-branch withdrawals and ATM withdrawals are uncounted. Heavy transactional needs fit a checking account.

What APY does the tiered Money Market pay?

Variable APY stepping up at $2,500, $10,000, $25,000 and $100,000. Each higher tier applies to the whole balance. Daily compounding, monthly credit. Disclosed under Regulation DD.

Is it FDIC-insured?

Yes — up to $250,000 per depositor, per account ownership category. See fdic.gov.

Who is the Money Market designed for?

Customers holding $10K to $250K in cash reserves wanting higher rates than savings while keeping occasional payment capability — escrow, down-payment savings, business cash reserve, retiree liquid reserve.