Relationship Money Market
Premium Rates, Optimized Savings
You deserve confidence that your money is working hard for you. With a Relationship Money Market, you’re rewarded for being a valued customer. Earn a better rate on your everyday savings with this companion to your Prosper Plus checking account. You can even move money between the two accounts without losing your Relationship Money Market bonus rate.*
Rewards That Stack Up When Your Accounts Work Together
- Get a Relationship Money Market bonus rate when you pair with a Prosper Plus checking account and maintain a minimum $20,000 total aggregate daily balance in your Relationship Money Market and Prosper Plus accounts.
- Continue building savings automatically with Round Ups from your Prosper Plus account debit card purchases.
A Flexible Way to Grow Your Savings
The Relationship Money Market gives you the best of both worlds — higher earning potential than a standard savings account and more flexibility than a CD. You can grow your balance confidently while still keeping your money accessible for life’s opportunities, whether you're planning a renovation, preparing for travel, or covering unexpected expenses.
With easy online and mobile banking, you can track progress, move funds, and stay in control whenever you need to. Designed for customers who maintain meaningful balances, it’s a smart way to earn more on liquid savings while staying ready for what comes next.
Interest:
- Variable, tiered rates on your Relationship Money Market savings are based on the total aggregate daily balance of this account and your Prosper Plus checking account
- Interest is accrued daily and credited monthly
Minimum Opening Deposit:
- $1,000
Clear, Simple Pricing
$0 monthly maintenance fee when you:
- Maintain a minimum $20,000 daily balance in your Relationship Money Market account.
Otherwise, $25 per month
Check out the full list of features and fee information.
| Account Balance | Standard Interest Rate | Standard APY | Bonus Interest Rate | Bonus APY |
| $0 - $19,999.99 | 0.01% | 0.01% | 0.01% | 0.01% |
| $20,000 - $99,999.99 | 0.01% | 0.01% | 0.50% | 0.50% |
| $100,000 - $249,999.99 | 0.03% | 0.03% | 1.24% | 1.25% |
| $250,000 - $499,999.99 | 0.03% | 0.03% | 1.49% | 1.50% |
| $500,000 - $749,999.99 | 0.05% | 0.05% | 2.23% | 2.25% |
| $750,000 - $999,999.99 | 0.05% | 0.05% | 2.72% | 2.75% |
| $1 million+ | 0.05% | 0.05% | 2.96% | 3.00% |
*Variable interest rates tiered based on total aggregate daily balance. (a) The aggregate balance for the Relationship Money Market account and the aggregate balance for the Prosper Plus account are each calculated as a running average. The running average for each account is determined by adding together all daily balances for that account from the beginning of the calendar month through the current day and dividing that total by the number of calendar days month to date. (b) Then the aggregate daily balance for both the Relationship Money Market account and the Prosper Plus account are added together to create the total aggregate daily balance. The total aggregate daily balance determines the balance tier for the variable interest rate. (c) If the total aggregate daily balance is at least $20,000 every day of the month, interest will be calculated using the relationship rate. If the total aggregate daily balance is less than $20,000 on any one day, interest will be calculated using the standard money market rate. (d) Interest is then calculated using the balance maintained in your Relationship Money Market account only and will accrue daily and credit monthly. (e) Because aggregate balances are calculated based on the calendar month, if your account is opened after the first day of the month, you may not be able to meet the requirements to earn the relationship rate for that month. (f) The interest rate and annual percentage yield for these tiers may change at any time and are made at the bank’s discretion. (g) If you close your account before interest is credited, you will not receive the accrued interest. (h) We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the Relationship Money Market each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). (i) Only one Relationship Money Market per primary account owner is allowed. Must have First Merchants Prosper Plus checking account and Relationship Money Market with the same primary owner. Total aggregate daily balance must be $20,000 in Prosper Plus and Relationship Money Market in order to earn relationship rate. Failure to meet these requirements will result in the account earning standard money market rates.
