SAFE & SECURE
at 3.02% APY*
Our Jumbo Deposit Account, created for Physicians, gives you a safe and secure place to build your nest egg.
Earn 3.02% APY* – This large-deposit Savings Account can help you maximize your earning potential. Flexible options ensure deposits up to $7 million are fully FDIC insured.
Physician Bank
140 North Phillips Avenue Unit 101a, Sioux Falls
INSURED BY THE FDIC
Deposits insured by the FDIC to the maximum allowed by law. Insured Cash Sweep application required for up to $7 million of FDIC insurance.ACCOUNT BASICS
Minimum Opening: $1,000.00
Minimum Balance: $0.01
Interest: Compounded and credited monthly
HERE TO HELP YOU
Let’s get started. By completing the short form, you will be connected to your Jumbo Account private banker who will answer all your questions. You may also give us a call at 1-888-632-2651.
This is an all-electronic account that must be managed online. No checks or debit cards are available with this account. No maturity date; no early withdrawal penalty.
You are allowed six (6) withdrawals, of any type, per month. Any month you exceed this number, you will be charged a $30.00 service charge.
$15 per month fee if paper statements are mailed through the US Mail. $30 wire transfer fee waived for one outgoing domestic wire transfer per month. Unlimited incoming domestic wires at no charge.
No financial institutions or brokers.
* APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. A minimum balance of $230,000 is required to obtain the 3.02% APY. See additional APY Rates.
Interest Rates Effective Since December 27, 2022.
The 100% financing option while we started our first post-residency job, their rapid and efficient response rate to our questions and our numerous changes in schedule that occurred with our builder, and the absence of PMI were all extremely helpful.
Dr. David Ogden, UT