CFG Bank Money Market Account: 4.32% APY [Nationwide]

Available nationwide, CFG Bank is offering 4.32% APY on a new money market account!

Update 2/21/25: The rate has decreased to 4.32% APY from 4.52% APY.

CFG Bank High Yield Money Market Rate

Open a new CFG High Yield Money Market Online Only account to earn the high APY rate!

• Rate Offer: 4.32% APY Rate
• Availability: Nationwide (Bank Locator)
• Credit Inquiry: Soft Pull or Hard Pull?
• Credit Funding: Not stated
• Minimum Balance: $1,000
• Maximum Balance: None
• Monthly Fee: Less than $1,000 balance will have a $10 monthly fee. 
  
• Early Termination Fee: None listed, check with CSR for more information

Application Link

CFG Bank Savings Account: Consider opening a new money market account to receive the high interest rate on your funds.

Account Rates

CFG Bank Account Benefits

• Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
• All deposits are FDIC insured to the maximum amount allowed by the law
• No maintenance fee when a minimum of $1,000 balance is maintained during the statement cycle
• Access to over 2000 service-charge free ATMs
• Bill Pay, Online and Mobile Banking

Notes:

• There is no checking writing or ATM card associated with the HYMM.
• Following initial funding, there is daily external outbound transfer limit of $5k and daily inbound transfer limit of $25k. The total external transfers (inbound and outbound) may not exceed $30k in a 30-day rolling period. These limitations refer to transfers that are initiated from CFG Bank.
• The transfer limit can be temporarily increased for five business days by calling 888.205.8388 during weekday business hours. As stated in the FAQs, “We will record verification of your identity and request prior to inputting the increase.”
• Additional deposits can be made through ACH transfers from another bank, wire transfer, mobile deposit, or by mailing a check.
• A minimum daily balance of $1k is required to avoid the $10 monthly service fee.
• Up to four beneficiaries can be added on the online application. Additional beneficiaries can be added over the phone.
• Trust accounts cannot be opened online.

Author’s Verdict

This is a very generous rate that I recommend you check out while you can. Simply open a CFG High Yield Money Market Online Only account and deposit $1,000 in the account to earn the high APY rate on your funds!

In addition to the current rate from CFG Bank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

If you happen to know whether this account incurs a hard/soft pull, please let us know. Furthermore, tell us about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!