Tiered variable APY
Earn within published balance bands that reward consolidated cash. When APYs change, notices follow the timing described in your Truth in Savings disclosure.
Sky Money Market
A higher-balance deposit account built for negotiated liquidity: tiered variable yields, FDIC insurance on qualifying deposits within statutory limits, and transaction privileges appropriate to money market products. Full details are disclosed in your Truth in Savings and product guide at opening.
- Tiered variable APYs aligned to balance bands published at our discretion
- Check-writing and electronic transfers subject to federal limits and your Schedule of Fees
- Integrated with Sky checking, wires, and Private Client Service when you need guidance
Tiered yields
Published balance bands connect larger operating pools to competitive variable APYs where offered.
FDIC insurance
Qualifying deposits insured up to applicable statutory limits.
Liquidity toolkit
Drafts and transfers operate within regulatory limits. Your disclosure defines privileges and counts.
Reporting & controls
Statements, alerts, and treasury visibility aligned to how your team runs cash.
Built for larger liquidity pools
Sky Money Market pairs treasury-grade discipline with deposit insurance context on qualifying balances. Availability, tiers, and limits depend on your executed agreements, not this overview page.
Drafts & negotiated movement
Money market accounts include privileges such as checks or transfers that are not offered on standard savings. Transaction counts and excess-activity fees appear in your Schedule of Fees.
Bridge financing windows
Hold proceeds between capital calls, closings, or investments without sacrificing insured deposit treatment while balances remain eligible and within FDIC limits.
Governance-friendly reporting
Detailed statements support treasury policies, board reporting, and covenant monitoring when your counsel defines liquidity tests.
Liquidity between treasury events
Clients deploy Sky Money Market when balances outgrow everyday checking but still need negotiated access before capital leaves for longer-duration strategies.
- Consolidated operating reserves awaiting distributions, acquisitions, or seasonal payroll spikes
- Holding tanks for loan draws, LOC collateral refreshes, or sponsor liquidity tests between reporting dates
- Sweeps from Sky checking when treasury policies require insured deposits inside stated FDIC limits
- Cash staging ahead of certificate ladders or private investments where settlement timing is uncertain
Fees and minimum opening deposit
Figures mirror the Money Market column on our savings overview so you can compare products before you apply. Your Schedule of Fees and Truth in Savings disclosure executed at opening remain authoritative.
| Topic | Sky Money Market |
|---|---|
| Minimum opening deposit | $0. Funding instructions and posting timelines are confirmed during onboarding. |
| Monthly maintenance fee | $0 when you maintain a Sky checking relationship or an end-of-day balance of $500 or more each statement cycle; otherwise $5. Refer to your Schedule of Fees for ancillary charges. |
| Transaction privileges | Money market accounts include privileges such as checks or transfers that are not available on basic savings. Federal limits, internal caps, and excess-activity fees are described in your disclosures. |
Fees and waivers can change with notice. Ask your banker for the fee schedule version that matches your state and account type.
Digital banking with Sky Money Market
Money Market balances appear beside checking, savings, and cards so treasury leads see liquidity without exporting spreadsheets.
- Balance and transaction history with export options where enabled for audit trails.
- Internal transfers, scheduled sweeps, and stop instructions that respect money market transaction limits.
- Configurable alerts for balances, debits, incoming wires, and statement readiness.
- Secure devices, dual approvals where enrolled, and Private Client Service escalation from authenticated help.
Functionality depends on entitlements, business vs. personal profile, and the services listed in your Online Banking Agreement.
Rates and APY
Sky Money Market pays a tiered variable annual percentage yield on qualifying balances. Rates differ from Sky Savings and certificates; compare structures on the savings overview before you choose a product.
APYs are variable after opening unless your disclosure specifies otherwise. The rate in effect on the business day you fund governs initial interest accrual; subsequent changes follow the notice rules in your agreement.
Signed-in clients may view personalized tiers when Sky offers them for Money Market balances.
Frequently asked questions
How do I apply for Sky Money Market?
Start with the online savings application (select Money Market where prompted) or call Private Client Service at +1 317 552 0423. Your banker confirms eligibility, tiers, and funding paths before documents are signed.
Why choose Money Market instead of Sky Savings?
Money Market targets larger liquidity pools that may benefit from tiered yields and negotiated transaction privileges. Sky Savings remains ideal for everyday reserves. Compare both on the savings overview.
How is the monthly maintenance fee waived?
The fee is $0 when you maintain a Sky checking relationship or an end-of-day balance of at least $500 each statement cycle; otherwise $5 may apply. Confirm the Schedule of Fees tied to your account agreement.
Do federal transaction limits apply?
Yes. Regulation D historically constrained certain withdrawals and transfers from savings and money market deposit accounts. Your current disclosure describes how Sky applies limits, resets counts, and assesses excess-activity fees if applicable.
Are deposits FDIC-insured?
Qualifying deposits are insured by the FDIC up to applicable limits while funds remain on deposit at Sky. Investment products, crypto, or uninsured offerings are described separately in their own agreements.
Ready to open Sky Money Market?
Apply online or invite Private Client Service to coordinate treasury documentation, disclosures, and funding alongside your checking footprint.