Money Market, Savings & CDs
Keep your money working harder with accounts that earn you interest.
High Yield Business Money Market 1-4
Put your money to work for you.1This offered rate is available for new money only meaning funds not already on deposit in Hanover Community Bank may be used to qualify for the promotional interest rate. No Municipal or Brokered Deposits accepted.
2These Annual Percentage Yield (APY) is effective as of 09/07/2022 and is subject to change without notice. Account Terms and Conditions apply. Fees could reduce earnings.
3This account is a variable rate product, and the interest rate may change at any time after account opening, at our discretion. Minimum balance required to open and earn APY is $5,000. Daily balances below $5,000 earn no interest or APY. This account has no check writing privileges. Monthly paperless e- statements only.
4Fees may apply for non-Allpoint, non-Hanover Bank and international ATM transactions.
High Value Business Money Market 1-2
Elevating Business Banking1Annual Percentage Yield (APY) is effective as of 07/13/2023. This is a variable rate product and the rates may change at any time, including after account opening, at our discretion. The minimum daily balance to open and earn the APY is $25,000. Daily balances at or below $24,999.99 earn an APY of 2.00%. This account has no check writing privileges. New money is defined as funds that have not been on deposit at Hanover Bank during the last 30 days. Account Terms and Conditions apply. No brokered deposits accepted.
2Fees may apply for non-Allpoint, non-Hanover Bank, and international ATM transactions.
Business Money Market1-3
1Deposit accounts are subject to our Deposit Account Agreement, Terms and Conditions, and approval. Ask for a copy of our fee schedule.
2All services may not be available on all accounts. Services are subject to separate Service and Fee Agreements.
3Fees may apply for non-Allpoint, non-Hanover Bank, and international ATM transactions.
Business CDs1
1Deposit accounts are subject to our Deposit Account Agreement, Terms and Conditions, and approval. Ask for a copy of our fee schedule.
What You Can Expect
Money markets with competitive rates
Savings accounts that earn you interest
CDs with a range of rates and terms
More ways to keep your money at work
High Yield Business Money Market
Grow your money while growing your business. Only $5,000 opens an account and earns you
2.00% APY.
High Value Business Money Market
Business Money Market
Certificates of Deposit
CD Rates
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.
Annual Percentage Yield
5.00%Why Hanover?
Day or night, in-branch or online, we’re here. Hanover Bank offers convenient, community banking.
Flexibility
Whether it’s a commercial mortgage, home loan or a small business loan, we work with you to help finance your ambitions.
Diligence
Every day is an opportunity to grow your business. We’ll work as tirelessly as you to seek out new financial opportunities.
Community
Hanover is committed to helping your business succeed. We live, work and grow here too. Let’s grow our community together.
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