Purely Money Market

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Enjoy the convenience of an interest rate that moves with the Federal Funds Target Rate

A PurelyIndexMoneyMarket account is a variable rate account that is tied to and automatically tracks the Bloomberg FDTR, the upper bound of the Federal Funds Target Rate (Index). You can conveniently grow your savings with a competitive rate of 85% of the Index while enjoying the flexibility of complete access to your funds. Plus, there is no maintenance fee and BankPurely Mobile Banking gives you a fast, secure, and easy way to manage your account on the go.

4.34% APY*

Automatic rate increases when Index rises
Competitive interest rate of 85% of the Index
Minimum balance of $25,000 to earn interest
FDIC insured up to the maximum allowable limit

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Benefits

Variable interest rate
BankPurely Online and Mobile App access, including mobile check deposit¹
FDIC insurance for peace of mind
BankPurely will donate up to 5 tonnes for each new customer relationship to Cool Effect²
Complimentary ATM card for surcharge-free use of 55,000+ ATMs worldwide³
One tree will be planted for every account opened⁴

Purely Products

Icon Savingpurely® Hover

SavingPurely^®

Lock in a competitive rate and enjoy guaranteed growth and a variety of CD terms.

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Icon Purelycdstm White Hover

PurelyCDs^®

Lock in a competitive rate and enjoy guaranteed growth and a variety of CD terms.

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Checkingpurely® White Hover

CheckingPurely^®

An easier way to manage your money so you can use your cash how and when you want to.

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*Annual Percentage Yield. APY is in effect as of 10/01/24. The PurelyIndexMoneyMarket account requires a minimum balance of $25,000 to open and earn interest. New money only and limited to consumer customers. With the PurelyIndexMoneyMarket account, interest is compounded daily and credited monthly. The interest rate and annual percentage yield may change monthly on the first calendar day of each month, based on changes to the Index. If the account is closed before interest is credited, the accrued interest will not be received. Fees may reduce earnings on the account

¹BankPurely Mobile Banking is available to all BankPurely online banking users. The BankPurely Mobile App is available for download from the App Store and on Google Play. There is no charge to use BankPurely Mobile Banking or Mobile Check Deposit but the bank's standard account fees will apply, and data and messaging rates may apply from your wireless provider. BankPurely Mobile Check Deposit is available for personal checking, statement savings, and money market accounts only. Account(s) must be in good standing. Subject to eligibility. Deposit limits and other restrictions apply.

²BankPurely will donate up to 5 tonnes for each new customer relationship that has or opens a CheckingPurely account and maintains a minimum balance of $1,000 and opens another BankPurely account. Donations will be made based on total account balance according to the following balance tiers:

$1,000 - $24,999 = 1 tonne; $25,000 - $74,999 = 2 tonnes; $75,000 - $99,999 = 3 tonnes; $100,000 - $499,999 = 4 tonnes; and $500,000+ = 5 tonnes.

³BankPurely customers will not incur a charge from Allpoint for the use of their ATM network. However, customers using, non-Allpoint ATMs may incur fees. Fees may reduce earnings. Refer to the BankPurely Schedule of Fees and account disclosure for more details.

⁴BankPurely will plant one tree for every account opened. BankPurely is working with Plant-It 2020. All trees planted through Plant-It 2020 will be planted in New York State. Plant-It 2020 is a nonprofit 501(c)(3) foundation dedicated to properly planting, maintaining, and protecting as many indigenous trees as possible worldwide.

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