Our high interest savings and money market account in Kansas City

Our high interest savings and money market account in Kansas City

Preparing for life’s highs and lows

Now that you’ve got a great local high interest checking account in Kansas City with Cornerstone Bank, we think you’re ready to step up your savings game!

Saving money can be tough for anyone, so it’s pretty easy to tell yourself to get started next month, next month, next month. There is no better time than the present to save and invest your money wisely, so you can be prepared for whatever life hands you. The sooner you start (even with just $100), the sooner you could see your savings grow, and the sooner you can use that money for the things you want and need.

Whatever your current situation, Cornerstone Bank has you covered by providing an outstanding high interest savings and money market account in Kansas City.

There are a lot of reasons you may want to start allocating your extra monthly income into a separate place than your day-to-day checking account. Most of our customers use savings and money market accounts for things like:

  • Emergency funds (unexpected car repairs, hospital bills)
  • Vacation funds (whether it’s two months away or two years away)
  • College funds (students and parents)
  • Long term goals (making a large purchase or down payment, saving for retirement)

Once you’ve realized there’s never a bad time to start putting aside your money, it’s time to start investigating your options! Your future self will definitely thank you later.

We understand there is a large variety of account options to choose from in the Kansas City area from a variety of institutions. However, not knowing the difference in the accounts available to you could end up costing you huge potential earnings in the long run.

Cornerstone Bank in Kansas City wants you to feel in control of your money and educated on how best to use it, because we built this bank for you.

In this article, we’ll walk you through why Cornerstone Bank may be a great fit for you, information about how to find a savings account that works best for you and your money, and the difference between a savings and money market.

Why bank local with Cornerstone Bank?

Focused on blown-out-of-the-water service.
Banking local at Cornerstone Bank means a guarantee of amazing customer service every time, and never leaving after your visit feeling upsold or pressured.

We understand life happens, and not always on a 9-to-5 basis. We care about our customers so much that every member of our team provides you with their direct line, cell phone number, and even home phone number. You’d never find that at a traditional bank.

Focused on maintaining excellent rates.
Because we operate all of our business out of a single location, our institution avoids many of the overhead costs associated with larger banks, which are traditionally passed on to their customers. That’s why we’re able to offer such phenomenal rates–because we instead pass our savings along to our customers and community.

Focused on you, by a reliable, trusted team.
We don’t lose clients. In the time we’ve been open, many other local banks have either sold or closed! Cornerstone Bank believes a large part of our continued relationship with the Kansas City community is the amazing team we have on staff. Our lending staff even has an average time at the bank of 14 years!

We believe our customers come for the rates, but stay for our service and dedication to helping you win with your money. Not a lot of banks can say that with much confidence.

How to find the best high interest savings and money market account in Kansas City

When looking for the best high interest savings and money market account in Kansas City, be on the lookout for a few key pieces of information that could mean the difference of hundreds of dollars a year:

APY
Annual Percentage Yield is the percentage rate at which your bank will pay you for the money you keep within your account on a yearly basis.

Withdrawal Limits
According to FDIC regulations, the owner of a savings account is not allowed to make withdrawals from his or her account more than 6 times per month. Otherwise, banks would not be able to legally call this a “savings” account. Some banks impose even more restrictions on these withdrawals by limiting the number of times you are able to take money out of your savings account to even once or twice monthly.

Once you’ve made the decision to switch, and you feel more informed about what to look for, it’s time for your savings plan to begin!

The difference between a savings account and a money market account

We get this question almost every day, so we’re here to set the record straight. While savings accounts and money market accounts are very similar in their federal regulations and FDIC-insurance policies, there are a few key differences that we believe are important for our customers to be aware of.

Withdrawals
Like we just reviewed, both savings accounts and money market accounts allow you to deposit to and store your savings in the accounts.

The main difference between a savings account and a money market account is the freedom you have with your money once it’s been deposited. This can be a good or bad thing! While money market accounts typically come with “extra” features to manage your money, such as check-writing features, this ease of access typically comes with a much lower interest rate. This means not only are you more likely to withdraw that money, but you’re also less likely to make as much in interest on the amount you do have. Depending on your current financial habits and discipline, you may want to consider one account over the other.

Annual Percentage Yield*
Local banks are generally able to offer more flexibility in Annual Percentage Yield (APY) on the accounts they offer versus a bank with more assets. At Cornerstone Bank, we offer high interest savings and money market accounts in Kansas City to provide our customers with the care and assistance you need on the assets you plan to save now and in the future.

Depending on your family’s needs, you may want to consider keeping your money in Cornerstone Bank’s high interest savings or money market account in Kansas City to start earning more. Whether you want to achieve your goals in a short amount of time or over a longer term, Cornerstone Bank is along for the journey ahead of you.

Why Cornerstone Bank provides a high interest savings and money market account in Kansas City

Haven’t gotten a call from your banker in over a year? You deserve more. In Kansas City, it’s tempting to bank with a large institution. But when you receive lower rates and service from cold, sales-focused officers, it becomes clear that the convenience of these banks is costing you in the long run.

Cornerstone Bank is here to offer our community more than the bare minimum. People really matter to us, which is why we constantly strive to provide a great high interest savings and money market account in Kansas City–so our customers are able to do more with their assets.

Better interest rates to serve our Kansas City customers
Some banks offer savings accounts with as low as a .01% interest rate. Wait, how much? It’s true; if your bank is only offering you a .01% interest rate on any of your accounts, come talk to us. Cornerstone Bank thinks you deserve more than the bare minimum legally required of financial institutions.

Currently, the APY for our savings account is set at .15%, much above the national average of .09%.

The APY for our money market account varies depending on the balance of the account, but with rates as high as .5%, our money market accounts are up to double the national average!

Personal Money Market APY / Interest Rate
$0.00 – $24,999.99                .10%      .10%
$25,000.00 – $99,999.99      .25%      .25%
$100,000.00 – $199,999.99   .40%      .40%
$200,000.00 – $299,999.99  .45%      .45%
$300,000.00 and above      .50%      .50%

*Rates are subject to change.

Begin earning interest immediately
There’s no waiting time needed to start accruing interest on your savings or money market account. Once you reach a $500 balance, your interest payments will roll in on the 25th of every month!

We work for you, not a large corporation
We negotiate interest rates on money market accounts to better serve our customers’ needs and financial interests. How many other banks can say that?


Let’s take the leap together.

Cornerstone Bank will work diligently to transfer assets to your new high interest savings or money market account. Again, you begin accruing interest immediately, so the sooner you come see us, the sooner you can start getting paid.

People like people. Period.

Cornerstone Bank is here to serve our community by providing our high interest savings and money market account in Kansas City. We promise to uphold our values of human-based customer service, because frankly, people get things done in a way that automation simply can’t.

We will continue to provide you with better interest rates and no barriers to your earning potential. After all, we aim to help YOU gain from OUR years of experience.

Ready to take the next step?

If you’re still on the fence, reach out to our team and schedule a one-on-one meeting. We’ll help you determine the best steps for you to take control of your assets and start making more. Your money will work smarter, not harder, at Cornerstone Bank in Kansas City.

Contact Us

Learn more. Earn more.

You’ve got your high interest savings or money market account. Check! What’s next?

Determine what priorities you need to save for, and how much money you need to save for each of those priorities. We offer personal advising and counseling to our customers who may need a little extra assistance getting started. We even offer business credit lines in Kansas City to fellow business owners. Don’t hesitate to stop by and meet with one of our experienced team members for more information about how to save for what matters most to you.