*Promotional Interest Rate is applicable for the first six months after account opening and meeting promotional requirements.
1 The account must be opened with a minimum opening balance of $50,000 from a source outside of Webster Bank to receive the Promotional Interest Rate. Once the Promotional Interest Rate expires, it cannot be reinstated, and your account will be subject to the Standard Interest Rate in effect at that time. Your APY and Promotional Interest Rate will expire 182 days after the date your Private Money Market account is opened. You must have a Private Checking account to be eligible for this Private Money Market account. This is a variable rate account. The interest rate and APY may change after the account is opened. Fees may reduce earnings. This offer expires on 3/31/2025. This offer can be revoked by Webster Bank at any time. Annual Percentage Yields (APY) for the Private Money Market tiers are accurate as of 1/2/2025. A deposit of $50,000, using funds sourced outside of Webster Bank (“new money minimum”), must be made at the time the Private Money Market account is established. The Promotional Interest Rate is 3.75% for 182 days after account opening with a 1.90% APY. For balances between $0.00 and $2,499.99 the rate is 3.75% with a 1.90% APY, balances between $2,500.00 and $49,999.99 the rate is 3.75% with a 1.90% APY, balances between $50,000.00 and $99,999.99 the rate is 3.75% with a 1.90% APY, balances between $100,000.00 and $249,999.99 the rate is 3.75% with a 1.90% APY, balances between $250,000.00 and $499,999.99 the rate is 3.75% with a 1.90% APY, balances between $500,000.00 and $999,999.99 the rate is 3.75% with a 1.90% APY, balances between $1,000,000.00 and $24,999,999.99 the rate is 3.75% with a 1.90% APY, and balances greater than $25,000,000.00 the rate is 3.75% with a 1.90% APY
2Private Checking minimum opening deposit of $25 is required. You can avoid the $30 monthly maintenance fee by keeping $25,000 in checking or $50,000 combined deposit balances, including CDs, OR $100,000 in investment balances (Please note: it can take 14 days for balances of new or previously unlinked LPL accounts to be included). Private checking earns interest and is a tiered product. The Annual Percentage Yield (APY) for Private Checking as of 1/2/2025 for balances between $0.00 and $49,999.99 is 0.01%, balances between $50,000.00 and $99,999.99 is 0.01%, balances between $100,000.00 and $249,999.99 is 0.01%, balances between $250,000.00 and $499,999.99 is 0.01%, balances $500,000.00 or greater is 0.01%. The APY is subject to change at any time. Fees may reduce earnings.