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MONEY MARKET ACCOUNT » MMA

Posted in Banking, Local Banks, Money Market, Rates

One Georgia Bank is offering a highly competitive 2.10% APY for the Prime Money Market Account. The account requires a minimum of $100,000 to earn this top rate.

The bank offers other competitive money market account rates:

  • 2.00% APY - $50,000 and over
  • 1.75% APY - $25,000 - $49,999.99
  • 1.50% APY - $10,000 - $24,999.99
  • 1.00% APY - $0 - $9,999.99

All accounts require $5,000 to open and offer free online banking, bill pay and electronic statements. Interest is calculated daily and credited monthly.

To open an account, visit one of the branch locations in Atlanta.

>> Special Money Market

Other Terms and Conditions may apply to this offer - please contact the financial institution to review.


Posted in Banking, Local Banks, Money Market, Rates

FlagstarDirect.com is the new internet bank website recently opened by Flagstar Bank that offers new online applications for various accounts, including an impressive 1.82% APY Express Money Market Account rate and a corresponding online application.

The specifics of the money market account include:

  • No minimum balance requirement
  • Free checks for life
  • Visa debit card
  • Free postage-paid deposit envelopes
  • Fee-free access to certain ATMs all 50 states

The minimum initial deposit to open is $1.

The site's Express Internet Checking account offers tiered rates started at 0.15% APY for up to $25k. The CD accounts offer rates as high as 3.00% APY for a 3-year term.

>> Money Market Accounts

Other Terms and Conditions may apply to this offer - please contact the financial institution to review.


Posted in Banking, Local Banks, Money Market, Rates

North Carolina residents can benefit from a great 1.80% APY money market promotion from Southern Community Bank and Trust . The promotion is listed on the bank's checking account page . Here are the basics of the account:

  • 1.80% APY guaranteed through Jan. 31, 2010
  • Minimum balance to obtain rate...


Read Full Article: 1.80% APY Money Market Promotion at Southern Community Bank & Trust

Posted in Banking, Credit Union, Money Market, Rates

Take advantage of competitive money market rates from Neighbors Federal Credit Union . The rate tiers for the Money Market Account are as follows:

  • 1.51% APY - balances over $50,000
  • 1.25% APY - $25,000 - $49,999.99
  • 1.00% APY - $10,000 - $24,999.99
  • 0.75% APY - $2,500 - $9,999.99
  • 0.00% APY - $0 -...


Read Full Article: Neighbors Federal Credit Union in Louisiana Offers Competitive Money Market Tiers

Posted in Banking, Local Banks, Money Market, Rates

Urban Trust Bank is offering 1.55% APY with its Urban Select Money Market program . The rate tiers for the program are as follows:

  • 1.55% APY - balances of $50,000 or more
  • 1.45% APY - $10,000 - $49,999.99
  • 1.35% APY - $2,500 - $9,999.99

Account requires $1,000 to open and $5,000 to avoid monthly...



Read Full Article: 1.55% APY Money Market Account at Urban Trust Bank

Posted in Banking, Credit Union, Money Market, Rates

First Florida Credit Union is offering a competitive 1.50% APY for the Platinum Money Market account . In order to take advantage of this rate, you maintain at least $50,000 in your account.

Membership to the credit union is open to anyone who lives or works in one of the following Florida...



Read Full Article: 1.50% APY Money Market Rate at First Florida Credit Union

Posted in Banking, Credit Union, Money Market, Rates

Residents of Illinois can take advantage of a competitive 1.65% APY on the Insured Money Market Account from Members Choice Credit Union .

In order to qualify for the competitive rate, you must maintain at least $2,500 in your account at all times. Rates are subject to change without notice.

...



Read Full Article: Members Choice Credit Union Offers 1.65% APY Money Market Rate

Posted in Banking, Local Banks, Money Market, Rates

Metro United Bank is offering a competitive 2.00% APY on the Metro Money Market Account. The promotion expires Oct. 31, 2009 (afterward, rates will revert to advertised rates).

The account allows for six withdrawals and transfers each month ($10 will be charged for each transaction thereafter)....



Read Full Article: 2.00% APY Money Market Rate Metro United Bank in California

Posted in Banking, Credit Union, Money Market, Rates

Red River Credit Union is offering an impressive 2.53% APY on $100,000 or more with its SmartChoice Money Market Account . Check out the CU's rate tiers :

  • 2.53% APY - balances of $100,000 and up
  • 2.01% APY - balances of $50,000 - $99,999.99
  • 1.26% APY - balances of $25,000 - $49,999.99

The account...



Read Full Article: 2.53% APY Money Market from Red River Credit Union in Texas

Posted in Banking, Money Market

What a difference a turmoil-laced economic year can make! For decades, money market funds have been considered one of the safest types of investment instruments, perfect for diversifying the portfolio of a cautious investor . There are a slew of rules and regulations in place courtesy of the...



Read Full Article: FAQ: Are MMFs Insured?

Learn More About Money Markets Accounts

Money market accounts are similar to checking accounts, but they allow consumers the opportunity to make returns on deposited money. They are often compared to mutual funds; however, they are considered safer because they keep share prices at $1.

Money market accounts can be acquired through almost any local financial institution. As with checking accounts, opening money market accounts give you immediate and regular access to your funds through a checkbook. Also, they require no minimum transaction amount and allow for fast and easy cash deposits.

Once you invest in a money market account, a money manager will take your cash then invest it in t-bills, bonds, CDs, commercial papers or mutual funds. After interest is earned on your investment, the manager pays you your portion of the earnings. Unlike CDs that have interest rates that mature over time, money market accounts require additional deposits to benefit from higher interest returns.

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