Impact Money Market
High-Yield Rates meet Community Impact
Introducing the Impact Money Market Account — earn a great rate while supporting communities in need.
Open an Impact Money Market Account today to grow your savings and help strengthen underserved communities. Your deposits do more than earn interest — they help provide financial education that gives people the tools to build brighter financial futures, and they support underserved families on their path to homeownership and long-term stability. With every deposit, you’re helping lay the foundation for lasting generational wealth.
Impact Money Market*
- Special Rate for the first 90 days with new money. After 90 days, rate is 3.45% (3.50 APY)1.
- $5,000 minimum deposit to earn special rate1.
- Notifi Real-Time Alerts2, Online & Mobile banking3
- $15 monthly fee is waived if maintain $5,000 balance.
- Mastercard® Debit Card with ID Theft Protection and more!
- Access to approximately 40,000 ATMs nationwide.
- Available only to residents in MS.
Small Team. Mighty Impact.
Grand.bank's® Community Impact at a Glance:
During 2023-2025:
656
volunteer hours were contributed during over 78 unique volunteer events
$100,174,103
of our total loan volume was given to borrowers in low-to-moderate income communities promoting homeownership and improving financial well-being.
45,845
free financial education resources were provided
Minority Depository Institution (MDI)
As a Minority Depository Institution (MDI), we are dedicated to driving financial empowerment and economic growth in underserved communities. By offering safe, fair, and affordable banking products — such as affordable banking accounts, mortgages, and credit building — we help new homeowners, support families in building generational wealth.
More Than Banking. A Mission in Action.
At Grand.bank®, our mission isn’t just something we talk about—it’s something we live every day.
Our #GrandBankGivingBack initiative brings our mission to life by empowering associates to volunteer, support local nonprofits, expand financial education, and strengthen the communities we proudly serve. Together, we’re creating opportunities, building stronger communities, and helping people achieve brighter financial futures.
How Much Could You Earn?
Money market accounts (MMAs) typically offer higher interest rates than traditional savings accounts. There can be, however, service fees if your account falls below the minimum required balance. Use our Money Market Calculator simply by entering your Money Market Account balance and APY to see how your savings will grow over time.
Interested in FDIC Insurance Protection for deposits over $250,000?
Protecting your deposits while earning a return – now that is smart.
Financial Guidance
Personalized lessons that help you learn how to get where you want to be.
Understanding Money Market Accounts
Is the Money in My Account Safe?
Create a Budget That Works For You
1To earn the special promotional rate of 5.00% interest rate (3.88% APY), you must maintain a minimum balance of $5,000 in new money not already on deposit with Grand.bank® within the last 60 days. After the first 90 days, the rate will convert to 3.45% interest rate (3.50% APY). Rates are subject to change without notice. Minimum deposit to open account: $50.00; however, balances below $5,000 are not eligible for the promotional rate and monthly service fees may apply. A $15.00 monthly service fee applies if the minimum daily balance requirement is not met. To avoid the monthly service fee, maintain a daily balance of at least $5,000 during each statement cycle. Fees may reduce earnings. Please refer to the Deposit Fee Schedule for additional information regarding applicable fees and charges. Account limitations: None. Statement fee: $0.00 for electronic statements when enrolled in online banking; and $3.00 per statement cycle for paper statements.
2Some digital banking tools and features may require additional setup.
3Grand.bank® does not charge a fee for Mobile Banking or Online Banking; however, third-party messaging, data, wireless carrier, or internet service provider fees may apply. Availability may be affected by your mobile carrier’s coverage area. Contact your wireless service or internet provider for more details.
Please refer to our Funds Availability and Reg. E Disclosures for rules and regulations governing these accounts.
Important Information About Procedures for Opening a New Account or Establishing a New Customer Relationship:
The USA PATRIOT Act is a federal law that helps the government fight the funding of terrorism and money laundering activities. Federal law requires all U.S. financial institutions to obtain, verify and record information that identifies each person who opens an account or establishes a customer relationship with Grand Bank for Savings, FSB. What this means for you: When you open a bank account, we will ask you for your name, address, date of birth, and other information that will allow us to reasonably identify you. We may also ask to see your driver’s license or other identifying documents at any time.