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Money Market, Savings & CDs

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

Elite 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, new money only

Check writing privileges

Unlimited transfers

Free Online & Mobile Banking

Free Online Bill Pay

Free ATM/Debit Card

Free eStatements

Surcharge free ATM transactions at over 55,000 participating Allpoint ATMs

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 1/25/2024 and is subject to change at any time, after account opening. Minimum balance required to open and earn APY is $5,000.00.

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 over 55,000 participating Allpoint ATMs

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.

Premium High Yield Money Market ¹

Minimum deposit $25,000.00 to open an account. Tiered rates that grow as your savings increase.

Competitive tiered rates that earn you 3.50% APY on balances as low as $25,000.00

No monthly maintenance fees

No charge for mobile banking, online banking and eStatements

Easy transfers

¹To 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 3.44% with 3.50% APY. Tier 3- If your daily balance is $100,000.00 up to $249,999.99 you will earn an interest rate of 3.56% with a 3.62% APY. Tier 4- If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 3.68% with a 3.75% APY. Tier 5- If your daily balance is $500,000.00 or more you will earn an interest rate of 3.92% with a 4.00% APY. APY is accurate as of 01/25/2024. 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.

Certificates of Deposit¹

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

Terms from 3-60 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

Elite High Yield Personal Money Market

3.50% 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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Premium High Yield Money Market

The more you save the more you earn! Give your money a raise by earning higher rates when you save more.

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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.

3 Months

6 months

8 Months

12 Months

13 Months

15 Months

18 Months

2 Years

3 Years

5 Years

Annual Percentage Yield

5.00%

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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.