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Prime Alliance Bank Personal Money Market account review

Earn 0.6% APY from this bank, but you won’t get an ATM or debit card.

The Prime Alliance Bank Personal Money Market account comes with a competitive 0.6% APY, checkwriting privileges and no monthly fee. But you can’t deposit or withdraw cash, and it doesn’t come with an ATM card.

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Minimum deposit to open


Annual percentage yield (APY)0.60%
Minimum deposit to open$1
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6
Fee per transaction over the limit$25
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Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

The Prime Alliance Bank Personal Money Market account earns a competitive rate at 0.6% APY. As with most money market accounts, you’ll get checkwriting privileges. But it doesn’t come with an ATM or debit card, so you can’t make electronic purchases or withdraw cash from an ATM.

If you want the freedom to access your cash from an ATM at any time, compare other top money market accounts like the Axos Bank High Yield Money Market account that comes with an ATM card and earns 0.25% APY.

How do I open a Prime Alliance Bank Personal Money Market account?

Get started with these seven steps.

  1. Go to the provider’s site and follow the steps to apply.
  2. From the provider website, click or tap Open an account.
  3. Select Money market in the Personal account options.
  4. Choose Open account online.
  5. Read and agree to the terms and conditions and choose Next.
  6. Select I do not have an online account to create a new profile.
  7. Fill in your personal info and follow the prompts to open your new money market account.


To enroll in a personal money market account, you’ll need to meet the following requirements.

  • To be at least 18 years old
  • US citizen or permanent resident
  • Have an external bank account to initiate a transfer into your new Prime Alliance Bank Personal Money Market account

Required information

Prime Alliance Bank requires the following info.
  • Social Security number and date of birth
  • Driver’s license or passport
  • Address, including your previous home address if you’ve lived in your current home for less than two years
  • Phone number
  • Employment information
  • Email address
  • Mother’s maiden name

What are the benefits of a money market account with Prime Alliance Bank?

Here’s what you’ll like about the Prime Alliance Bank Personal Money Market account.

  • Competitive rate. While the national average interest rate for money market accounts is currently 0.06% APY, Prime Alliance Bank offers a generous 0.6% APY.
  • No monthly maintenance fee. You won’t have to worry about paying a monthly fee or meeting certain requirements to avoid it.
  • No minimum balance requirement. You can earn interest on any amount of money.

What should I look out for?

Here are a few things to consider.

  • No ATM or debit cards. Unlike most money market accounts, a Prime Alliance Bank Personal Money Market doesn’t offer ATM or debit cards.
  • No cash options. You can’t deposit or withdraw cash with Prime Alliance Bank Personal Money Market accounts.

Compare the Prime Alliance Bank Personal Money Market account with other money market accounts

Use the table to compare accounts based on APY, deposits and monthly fees.

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
$0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually)
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings

0.61% on $0 to $24,999
0.25% on $25,000 to $99,999
0.15% on $100,000+
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
Chime Savings
Finder Rating: 4.6 / 5: ★★★★★
Chime Savings
Grow your savings automatically with recurring transfers, round-ups on debit card purchases and 0.5% APY.
Discover Online Savings Account
Finder Rating: 4.6 / 5: ★★★★★
Discover Online Savings Account
Take advantage of a high-interest online savings account with no fees, no minimums and more.
UFB Direct High Yield Savings
Finder Rating: 3.6 / 5: ★★★★★
UFB Direct High Yield Savings
Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account.

Compare up to 4 providers

How do I deposit or withdraw my money?

Here’s how you can access your funds.

Funding options

  • Incoming wire transfer. A $10 fee applies.
  • Initiate an ACH transfer.
  • Deposit a check through its mobile banking app.

Withdraw options

  • Outgoing wire transfer. A $15 fee applies.
  • Initiate an ACH transfer.

What other savings options does Prime Alliance Bank offer?

Prime Alliance Bank offers a few other savings products.
  • Personal savings account. Similar to its money market account, including the same 0.60% APY. But unlike the money market account, you can’t write checks and interest posts every quarter instead of every month.
  • Certificates of Deposits (CDs). Choose from six to 60 months with rates ranging from 0.35% to 0.75%. But you’ll need to deposit at least $500.

Frequently asked questions

  • How do I set up automatic interest payment transfers to my external bank account?
    Fill out Prime Alliance Bank‘s ACH Interest Payment Form and send it to
  • How long does it take to open my money market account?Prime Alliance Bank should open your account within one to two business days after you submit your application.

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