Charitable Money Market Account (CMMA)

Boost your savings and support your local community with Forward Bank’s Charitable Money Market Account, where your deposits grow while helping local charities thrive.

Charitable Money Market Account (CMMA) Features

Imagine an account that not only helps you save for your future but also makes a positive impact in your community. Our Charitable Money Market Account (CMMA) at Forward Bank, serving Wisconsin and Minnesota, offers just that—combining a competitive savings rate with the ease of a checking account while supporting local charities that matter to you. With every account, we donate a percentage based on your average balance to a non-profit organization of your choice, ensuring your business contributes to community growth while optimizing savings.

Since the CMMA’s launch, we’ve proudly contributed over $2.5 million, all thanks to customers like you. Save with purpose and make a difference today.

  • No minimum to open: Start your account with no initial deposit required.
  • Monthly $5 fee: Waived if your average balance stays above $100.
  • Interest posted monthly: Earn interest on balances over $100, credited each month.
  • Charitable donations: The bank donates 0.10% of your average balance to a nonprofit of your choice, at no cost to you.
  • Free debit card: Access your funds with no additional fees.
  • Withdrawal limits: Up to six pre-authorized withdrawals or transfers per month.
  • Digital banking: Manage your account easily with online and mobile banking options.
  • Overdraft Protection: Optional overdraft protection to keep your account in good standing.

Choose from over 400 organizations to designate as your charity and see how your savings can make an impact in the community.

Charitable Money Market Account Interest Rates

Interest rates for Money Market Accounts.
AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
AccountCMMA*Minimum to Open$0Interest Rate0.35APY**0.35Minimum to Earn APY**$100
AccountCMMA*Minimum to Open$0Interest Rate0.70APY**0.70Minimum to Earn APY**$50,000
AccountCMMA*Minimum to Open$0Interest Rate0.85APY**0.85Minimum to Earn APY**$100,000
AccountCMMA*Minimum to Open$0Interest Rate1.20APY**1.20Minimum to Earn APY**$250,000
AccountCMMA*Minimum to Open$0Interest Rate1.35APY**1.36Minimum to Earn APY**$1,000,000

*Rates could change after account is opened. Rates are subject to change without advance notice.
**APY=Annual Percentage Yield. APY assumes interest is added to account.

Moving Your Savings Forward

Saving for the future while giving back to your community has never been easier. With our Charitable Money Market Account (CMMA) enjoy the benefits of a flexible, competitive savings rate with the convenience of a checking account, all while supporting local charities. Join us in creating a positive impact in Wisconsin and Minnesota with an account that aligns with your values and financial goals.

Frequently Asked Questions

Explore answers to some of the most common questions about charitable money market accounts.

Insurance and Investment products are *Not FDIC Insured *No Bank Guarantee *May Lose Value *Not Insured by Any Federal Government Agency *Not a Deposit