Bank · FDIC insured
Hanover Bank Savings Rates
Hanover Bank’s best savings rate is 2.85% APY on $10,000, with its Elite High Yield Personal Money Market. Rates checked October 16, 2026.
How Hanover Bank’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where Hanover Bank has the most branches. $10,000, best rate first.
This bank’s best
Hanover Bank
3.25%APY
- Requires
- Monthly account activity
- Minimum
- $100
- Earns on $10,000 a year
- $325
Max Saver Savings
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
Hanover Bank savings score
93
Savings score
Higher than 95% of U.S. banks and credit unions
- $10,000 balance$10,0002.85%
- $100,000 balance$100,0004.00%
- QualifiedQualified3.25%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Hanover Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Forward Yield Money Market Account
4.00%APY
Available for new money only; funds from existing Hanover accounts are not eligible. No check writing or debit card transactions permitted. $10 monthly fee waived with $5,000 daily balance. Minimum daily balance to earn interest is $25,000.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $25,000 and upAvailable for new money only. $10 monthly fee waived with $5,000 daily balance. Minimum daily balance of $25,000 required to earn APY.$25,000 and up | 4.00% | — | Available for new money only. $10 monthly fee waived with $5,000 daily balance. Minimum daily balance of $25,000 required to earn APY. |
Sources (1)
- hanoverbank.com/forward-yield-mma · captured Sep 26, 2026
Max Saver Savings
Up to 3.25%APY
Only available when linked to a Max Cash Checking or Max Cash Back Checking account. Automatic crediting of Max Cash or Max Cash Back earnings. Enrollment in electronic services (online banking, e-statements) and log-ons required. Limit of one Max checking account per Social Security Number. Variable rate.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $100,000When Max Cash or Max Cash Back qualifications are met. | 3.25% | $325 | When Max Cash or Max Cash Back qualifications are met. |
| Any balanceEarned on the entire balance when qualifications are not met in Max Cash or Max Cash Back. | 0.05% | $5 | Earned on the entire balance when qualifications are not met in Max Cash or Max Cash Back. |
| $100,000 and upOn balances over $100,000 when Max Cash or Max Cash Back qualifications are met. | 0.20% | — | On balances over $100,000 when Max Cash or Max Cash Back qualifications are met. |
Sources (1)
- hanoverbank.com/personal-money-market · captured Sep 17, 2026
Premium High Yield Money Market
0.00%APY
$25,000 minimum daily balance required to earn interest and avoid a $10 monthly service fee. No check writing privileges. Tiered rates that grow as you save more.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $25,000Tier 1: daily balance $0.00 up to $24,999.99. $10 monthly service fee applies if daily balance is below $25,000. | 0.00% | $0 | Tier 1: daily balance $0.00 up to $24,999.99. $10 monthly service fee applies if daily balance is below $25,000. |
| $25,000 – $100,000Tier 2: daily balance $25,000.00 up to $99,999.99. $10 monthly fee waived with $25,000 daily balance. | 2.60% | — | Tier 2: daily balance $25,000.00 up to $99,999.99. $10 monthly fee waived with $25,000 daily balance. |
| $100,000 – $250,000Tier 3: daily balance $100,000.00 up to $249,999.99. $10 monthly fee waived with $25,000 daily balance. | 2.75% | — | Tier 3: daily balance $100,000.00 up to $249,999.99. $10 monthly fee waived with $25,000 daily balance. |
| $250,000 – $500,000Tier 4: daily balance $250,000.00 up to $499,999.99. $10 monthly fee waived with $25,000 daily balance. | 2.85% | — | Tier 4: daily balance $250,000.00 up to $499,999.99. $10 monthly fee waived with $25,000 daily balance. |
| $500,000 and upTier 5: daily balance $500,000.00 or more. $10 monthly fee waived with $25,000 daily balance. | 3.10% | — | Tier 5: daily balance $500,000.00 or more. $10 monthly fee waived with $25,000 daily balance. |
Sources (1)
- hanoverbank.com/personal-money-market · captured Sep 26, 2026
Elite High Yield Personal Money Market
2.85%APY
$5,000 minimum daily balance required to earn interest and avoid a $10 monthly service fee. Surcharge-free ATM transactions at over 55,000 participating Allpoint ATMs. Unlimited transfers. Free online & mobile banking, eStatements, and ATM/debit card. No check writing privileges. Variable rate product.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5,000 and up$5,000 minimum daily balance required to earn interest and avoid $10 monthly service fee. No check writing privileges.$5,000 and up | 2.85% | $285 | $5,000 minimum daily balance required to earn interest and avoid $10 monthly service fee. No check writing privileges. |
Sources (1)
- hanoverbank.com/personal-money-market · captured Sep 26, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.