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Money Market Accounts

Boost your savings with our flexible, high-yield account options.

Advantage Money Market^{1, 3}

4.85% APY*

$25,000 minimum deposit to open
No monthly service fees with required minimum balance maintained
FDIC insured up to allowable insurance limits
New funds only

Open Online

Online Money Market^{2, 3}

4.75% APY*

$5,000 minimum deposit to open
No monthly service fees with required minimum balance maintained
FDIC insured up to allowable insurance limits
New funds only

Open Online

Start saving in less than 3 minutes.

If you’d like to accelerate your savings, money market accounts are an excellent, low-risk option. Money market accounts earn a higher interest rate than traditional savings accounts, but with more flexible terms than a CD or brokerage account.

With convenient online account opening in less than 3 minutes and the personal attention you’d expect from a local bank, making the most of your money with a Byline Bank MMA couldn’t be easier.

Open Online

*APY = Annual Percentage Yield.
APY is effective as of October 26, 2023. See Deposit Account Agreement and Disclosure and Account Brochure for additional terms.

1. Advantage Money Market Account
The Advantage Money Market Account (the “Account”) must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $25,000 to open and a minimum daily balance of $25,000 to avoid a $25 monthly service fee. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. Must be opened with New Money, defined as new-to-Byline.

2. Online Money Market
The Online Money Market must be opened online. Interest rates are set at the Bank’s discretion and may change without notice. The Account requires a minimum of $5,000 to open and a minimum daily balance of $5,000 to avoid a $25 monthly service fee. No monthly service fee will be assessed on the first statement cycle after account opening. Fees may reduce earnings. Must be opened with New Money, defined as new-to-Byline.

3. Interest rates
Interest rates are set at Byline Bank’s discretion and may change at any time without notice. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit any non-cash items (for example, checks). Interest is compounded and paid monthly based on your statement cycle. Accounts closed before the interest payment date will not earn accrued interest for that period. Fees may reduce earnings.