Grow More, Stress Less with a Money Market Account
A personal Money Market account from Hanover Bank combines the features of both a checking and savings account, while giving you a better rate of return.
Enjoy These Great Benefits
Money markets with competitive rates
Savings for the planned and unexpected
CDs with a range of rates and terms
More ways to protect and grow your wealth
Max Saver Savings
Build savings automatically while earning high interest. Only available with Max Cash Checking or Max Cash Back Checking account.
Link this free account to your Max Checking —and build savings automatically while earning high interest. Only available with Max Cash Checking or Max Cash Back Checking account.
Free account that builds your savings effortlessly.
Links to free Max Cash or free Max Cash Back checking.
Automatic crediting of Max Cash or Max Cash Back earnings.
3.50% APY* on balances as much as $100,000 When your Max Cash or Max Cash Back qualifications are met.
0.05% APY* on all balances when qualifications are not met in Max Cash or Max Cash Back.
No monthly maintenance fee.
No minimum balance to earn rewards.
$100 minimum deposit to open.
Disclaimers: 1Qualification Information: Account transactions and activities may take one (1) or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly 2Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. Visit our website www.hanoverbank.com or contact one of our branch service representatives for specific Monthly Qualification Cycle dates. 3*Reward Information: When your linked Max Cash or Max Cash Back qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your Max Saver account earn an interest rate of 3.44% resulting in an APY of 3.50%; and daily balances over $100,000 earn an interest rate of 0.19% on the portion of the daily balance over $100,000, resulting in a range from 3.50% to 1.85% APY depending on the account’s daily balance. You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Max Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to Max Cash or Max Cash Back transactions via ATM; Max Saver ATM transaction fees are not reimbursed nor refunded. 4When your Max Cash or Max Cash Back qualifications are not met, the interest rate earned on the entire daily balance in the Max Saver account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05%. 5APY = Annual Percentage Yield. APYs accurate as of 07/03/2024. APY calculations are based on an assumed balance of $200,000 in your Max Saver account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. 6Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $100 minimum deposit is required to open the Max Cash account. $25 minimum deposit is required to open the Max Cash Back account. $100 minimum deposit is required to open the Max Saver account. See our Schedule of fees that may apply to this account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account’s qualifications. Limit of 1 account(s) per social security number. There are no recurring monthly maintenance charges nor any fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. A Max Cash or Max Cash Back account is required to have a Max Saver account. A linked Max Saver account is required for automatic savings. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC.
Elite High Yield Personal Money Market1-4
$5,000 minimum daily balance required to earn interest & avoid a $10 monthly service fee.
Check writing privileges.
Unlimited transfers
Free online bill pay.
Free online & mobile banking.
Free eStatements.
Free ATM/debit card.
Surcharge-free ATM transactions at over 55,000 participating Allpoint ATMs.
Disclaimers: 1Deposit accounts are subject to our Deposit Account Agreement and Terms and Conditions. All deposit applications are subject to our account opening requirements and approval process. Please ask for a copy of our fee schedule. 2Services are subject to separate Service Agreements. 3Fees may apply for non-Allpoint, non-Hanover Bank, and international ATM transactions. 4Our Elite High Yield Personal Money Market account is a variable rate product. The Annual Percentage Yield (APY) is effective as of 10/30/2025 and is subject to change at any time, after account opening. Minimum balance required to open and earn APY is $5,000.00.
Premium High Yield Money Market1
Minimum deposit of $25,000 to open an account.
No monthly maintenance fees.
Tiered rates that grow as you save more.
Easy transfers.
No charge for mobile banking, online banking & eStatements.
Disclaimers: 1 To open the account, you must deposit a minimum of $25,000.00. The interest rate and annual percentage yield (APY) for your account depend on the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. A minimum account balance of $25,000.00 is required to earn interest. Tier 1- If your daily balance is $0.00 up to $24,999.99 you will earn an interest rate of 0.00% and an APY of 0.00%. Tier 2- If your daily balance is $25,000.00 up to $99,999.99 you will earn an interest rate of 2.81% with 2.85% APY. Tier 3- If your daily balance is $100,000.00 up to $249,999.99 you will earn an interest rate of 2.96% with a 3.00% APY. Tier 4- If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 3.06% with a 3.10% APY. Tier 5- If your daily balance is $500,000.00 or more you will earn an interest rate of 3.30% with a 3.35% APY. APY is accurate as of 10/30/2025. Your interest rate and annual percentage yield are subject to change. At our discretion, we may change the interest rate on your account. Fees may reduce earnings.
Statement Savings1-3
Money, Ready When You Are.
$100 to open an account.
Minimum required daily balance of $100 to avoid $5 monthly service fee.
Earn interest on daily account balance.
Surcharge free ATM transactions at over 55,000 participating Allpoint ATMs.
Easy transfers.
Free eStatements.
Free online & mobile banking.
Disclaimers: 1Deposit accounts are subject to our Deposit Account Agreement and Terms and Conditions. All deposit applications are subject to our account opening requirements and approval process. Please ask for a copy of our fee schedule. 2All services may not be available on all accounts. Services are subject to separate Service Agreements. 3Fees may apply for non-Allpoint, non-Hanover Bank, and international ATM transactions.
Certificates of Deposit1
A great return with the surety of FDIC protection.
Terms from 3-60 months with competitive rates.
$500 minimum balance to open & earn the Annual Percentage Yield.
Disclaimers: 1Deposit accounts are subject to our Deposit Account Agreement, Terms and Conditions, and approval. Ask for a copy of our fee schedule
Individual Retirement Accounts1-3
Start planning for tomorrow, today.
Funds invested in fixed-rate, FDIC-protected Certificates of Deposit (CDs).
Interest compounds daily.
Check with your financial advisor to learn about contributions & tax deductibility.
Disclaimers: 1Deposit accounts are subject to our Deposit Account Agreement, Terms and Conditions, and approval. Ask for a copy of our fee schedule. 2Speak to your tax advisor to determine your eligibility. 3FDIC insurance caps apply. Visit www.FDIC.gov for more information.
