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High-yield money market deposit account (MMDA)

  • 0.85% APY high-yield MMDA, 10.6X higher than national average.

  • Deposits are FDIC insured through Liberty Savings Bank.

  • No fees. $1 minimum deposit.

  • 24/7 online access to funds.

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mph.bank Money Market Deposit Account

Earn 10.6 times the national average APY

mph.bank Money Market Deposit Account APY is 10.6 times higher than the national average

Don't settle for average rates

Expedite your savings with APYs significantly higher than the national average. Receive a competitive rate with the ability to withdraw or add funds whenever you like. Flexibility to withdraw as much as you want, whenever you want; there are no restrictions.

Start Saving

About mph.bank

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mph.bank is a digital bank that focuses on delivering value directly to its customers. A savings product from mph.bank can offer highly competitive interest rates in part because there's no spending going toward splashy marketing or expensive naming rights for professional sports stadiums. mph.bank was created by Liberty Savings Bank, which has a history of offering products and services that deliver value for people. For mph.bank, the priority is empowering customers’ financial success. Making People Happy. It's that simple.

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A New Bank with History

mph.bank is part of and backed by a century-old, FDIC-insured financial institution, Liberty Savings Bank.

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Value-Driven

Not flashy. Value goes to customers.

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Exceptional Savings

mph.bank offers competitive savings products exclusively through SaveBetter.

Security Is Our Top Priority

FDIC

FDIC logo

mph.bank is powered by Liberty Savings Bank, FSB, member FDIC. Deposits in mph.bank are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

Cybersecurity is a top priority at SaveBetter

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We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include Multi-Factor authentication, encryption, and Cloudflare advanced internet protection and monitoring. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

mph.bank, Powered by SaveBetter

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mph.bank uses the secure SaveBetter platform to offer savings products to savers nationwide. Customers open accounts at SaveBetter.com, and the platform manages all aspects of the products offered by mph.bank, including a customer's deposits and withdrawals, statements and any customer service needs. In simple terms, SaveBetter provides you exclusive access to a special selection of mph.bank products. Best of all, SaveBetter is completely free!

  • Security: Funds deposited into any of the products accessible through SaveBetter are held by federally insured institutions. We use a host of cybersecurity measures to protect your funds and sensitive information.

  • Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.

  • Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

  • Service: A supportive, accessible, responsive customer service team based in New York, NY, sets SaveBetter apart.

  • Access: Enjoy 24/7 online access to your account and funds.

Press

Read what the media is saying about SaveBetter.

  • U.S. News

    Deposit Solutions is launching its savings portal in the United States

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Open an Account in 3-5 Minutes

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0.85% APY High Yield MMDA

Offering Bank: mph.bank*

Interest Rate: 0.85 %

Annual Percentage Yield (APY): 0.85 %

APY Effective as of: April 21, 2022

Interest Calculation: Interest will be compounded daily and credited on the last calendar day of each month.

If funds are withdrawn before interest is credited, accrued interest through the date of the withdrawal will be credited on the first Business Day of the following month.

Interest rate and APY are subject to change at any time without notice before and after initial deposit and will be determined at the bank’s discretion.

Minimum Opening Deposit: $1

Balance Computation Method for Calculating Interest: Daily Balance Method (based on actual balances in the account on each day)

Transactions Limitation: Enforcement of this limit is suspended until further notice.

* mph.bank deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B., Member FDIC.

FAQs

Call us: 844-994-EARN (3276)(Monday to Friday from 9:00 a.m - 4:00 p.m)
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The SaveBetter name and logo are trademarks of SaveBetter LLC. The Deposit Solutions name and logo are trademarks of Raisin GmbH, used with permission. mph.bank and mph.bank Mark are trademarks of Liberty Savings Bank, FSB, used with permission.

© 2022 SaveBetter LLC. All rights reserved.

*APY means Annual Percentage Yield. APY is accurate as of April 21, 2022. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.

Each customer authorizes the Custodian Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Custodian services are provided by Lewis and Clark Bank.