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Money Market, Savings & CDs

Keep your money working for you with accounts that earn you interest.

High Yield Personal Money Market^1-4

The best of both worlds. Liquidity and return.

$5,000.00 minimum daily balance required to earn interest and avoid a $10 monthly service fee

Check writing privileges

Unlimited transfers

Free Online & Mobile Banking

Free Online Bill Pay

Free ATM/Debit Card

Free eStatements

Surcharge free ATM transactions at all 40,000 domestic Allpoint locations

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 High Yield Personal Money Market account is a variable tiered rate product and the rate may change at any time, in any tier, after account opening. Minimum balance required to open and earn APY is $5,000.00. Daily Balances below $5,000.00 earn no interest or APY. For daily balances between $0.00 and $4,999.99 the APY is 0.00%. For daily balances at or above $5,000.00 the APY is 3.25%

Statement Savings ^1-3

The perfect companion account for any checking account.

Earn interest on the account's daily balance

$100 to open an account

Minimum required daily balance of $100 to avoid a monthly $5 service charge

Easy transfers

Surcharge free ATM transactions at all 40,000 domestic Allpoint locations

Free Online & Mobile Banking

Free eStatements

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.

More YOU Savings ¹

An account that helps you grow your savings

$100 opens your account

Minimum daily balance of $100 to earn interest and avoid a monthly $5 service charge

Interest compounded daily

Easy transfers

Free mobile, online banking and e-statements

¹These Annual Percentage Yields (APYs) are effective as of 10/26/2022 and are subject to change without notice. Account Terms and Conditions apply. Fees could reduce earnings. No brokered deposits accepted.

Our More YOU Savings account is a variable tiered rate product, and the rate may change at any time, in any tier, after account opening. Minimum balance required to open and earn APY is $100. Daily balances below $100 earn no interest or APY. For daily balances between $100 and $4,999.99 the APY is .10%. For daily balances at or above $5,000 the APY is 2.50%.

Certificates of Deposit¹

Lock in a guaranteed rate of return and watch your money grow.

Terms from 6-60 months with competitive rates

Minimum balance to open and earn the Annual Percentage Yield is $500

Early withdrawal penalties apply

¹Deposit accounts are subject to our Deposit Account Agreement, Terms and Conditions, and approval. Ask for a copy of our fee schedule.

Individual Retirement Accounts^1-3

Get a head start on your future with an Individual Retirement Account.

Check with your tax advisor to learn if your contribution is tax deductible

Interest compounds daily

Funds invested in fixed rate FDIC insured CDs

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.

What You Can Expect

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

High Yield Personal Money Market

3.25% APY

Let your money do the work for you. Liquidity with great rates

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Statement Savings

Earn interest on your deposits with quick and easy transfers.

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More YOU Savings

Get 2.50% APY on daily balances at or above $5,000. Give your money a raise.

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Certificates of Deposit

Explore Hanover’s FDIC-insured CD options with terms up to 60 months.

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Individual Retirement Accounts

Benefit now and plan for the future with traditional and Roth IRAs.

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CD Rates

Get today’s CD rates and find the terms that work best for you.

These Annual Percentage Yields (APYs) are accurate as of the date displayed on the Rates page and are subject to change without notice. Our CD interest rates remain fixed until maturity. The minimum balance to open a Certificate of Deposit and earn the APY is $500. A penalty may be imposed for withdrawals before maturity. Fees could reduce earnings.

6 months

12 Months

13 Months

15 Months

18 Months

2 Years

3 Years

5 Years

Annual Percentage Yield

3.30%

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Why Hanover?

Day or night, in-branch or online, we’re here. Hanover Bank offers the convenient banking services you need.

Flexibility

Whether it’s a loan to buy the home of your dreams or digital banking services, we work with you to help you to fulfill your financial ambitions.

Diligence

Every day is an opportunity to help you reach your financial goals, which is why we’ll work as tirelessly as you to seek out new financial opportunities.