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Forward Bank

Charitable Money Market Account

An account that offers a savings rate with the convenience of a checking account. This innovative account allows you to designate a charity and the bank will make a contribution on your behalf.

Since it's inception we've given over $1 million to over 300 worthwhile organizations!

To provide a consistent donation stream for our local charities on behalf of our customers, we've created the Charitable Money Market Account (CMMA)

Features

  • No Minimum to Open
  • No Monthly Fee
  • Interest Posted Monthly
  • Free Debit Card
  • The bank will donate 0.10% of your average balance to the non-profit of your choice - no money is taken from your account
  • Limited to six (6) pre-authorized withdrawals or automatic transfers per calendar month
  • Digital Banking (Online + Mobile Banking)
  • Overdraft Protection Available

Charitable Money Market Account Rates

Checking Accounts

AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
CMMA/BCMMA*$00.100.10$0
CMMA/BCMMA*$00.300.30$50,000
CMMA/BCMMA*$00.350.35$100,000

These interest rates are subject to change without advance notice.
APY assumes interest is added to account.
Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.
**APY=Annual Percentage Yield.
*Rates could change after account is opened.