Charitable Money Market Account (CMMA)
Boost your savings and support your local community with Forward Bank’s Charitable Money Market Account, where your deposits grow while helping local charities thrive.
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Charitable Money Market Account (CMMA) in Wisconsin & Minnesota
Imagine an account that not only helps you save for your future but also makes a positive impact in your community. Our Charitable Money Market Account (CMMA) at Forward Bank, serving Wisconsin and Minnesota, offers just that—combining a competitive savings rate with the ease of a checking account while supporting local charities that matter to you. With every account, we donate a percentage based on your average balance to a non-profit organization of your choice, ensuring your business contributes to community growth while optimizing savings.
Since the CMMA’s launch, we’ve proudly contributed over $2.2 million, all thanks to customers like you. Save with purpose and make a difference today.
Features of charitable money market account:
- No minimum to open: Start your account with no initial deposit required.
- Monthly $5 fee: Waived if your average balance stays above $100.
- Interest posted monthly: Earn interest on balances over $100, credited each month.
- Free debit card: Access your funds with no additional fees.
- Charitable donations: The bank donates 0.10% of your average balance to a nonprofit of your choice, at no cost to you.
- Withdrawal limits: Up to six pre-authorized withdrawals or transfers per month.
- Digital banking: Manage your account easily with online and mobile banking options.
- Overdraft Protection: Optional overdraft protection to keep your account in good standing.
Choose from over 400 organizations to designate as your charity and see how your savings can make an impact in the community.
Charitable Money Market Account Interest Rates
Effective Date: 11/18/2024
Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
---|---|---|---|---|
AccountCMMA* | Minimum to Open$0 | Interest Rate0.35 | APY**0.35 | Minimum to Earn APY**$100 |
AccountCMMA* | Minimum to Open$0 | Interest Rate0.70 | APY**0.70 | Minimum to Earn APY**$50,000 |
AccountCMMA* | Minimum to Open$0 | Interest Rate0.85 | APY**0.85 | Minimum to Earn APY**$100,000 |
AccountCMMA* | Minimum to Open$0 | Interest Rate1.20 | APY**1.20 | Minimum to Earn APY**$250,000 |
AccountCMMA* | Minimum to Open$0 | Interest Rate1.35 | APY**1.36 | Minimum to Earn APY**$1,000,000 |