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MONEY MARKET ACCOUNT » MMA

Posted in Banking, Money Market, National Banks, Rates

The web's first "black-owned" internet bank, OneUnited Bank, is offering a 1.01% APY money market account rate. To earn this top money market rate, customers must meet certain qualifications when opening the United Gold E-Money Market account including:

  • Rate applies to balance amounts ranging from$1,000 - $24,999.99
  • $1,000 minimum opening deposit required
  • Features complimentary online banking with e-statements and balance alerts
  • Free ATM card included
  • FDIC insured

OneUnited Bank has offices in Los Angeles, Calif., Boston, Mass. and Miami, Fl. and has nearly one dozen branch locations in those areas. Applications for the Unity Gold-E Money Market account can be completed online.

OneUnited Bank's history dates back nearly 50 years to the founding of theUnity Bank & Trust in Boston, Mass. Since then, the financial institution has grown to nation's largest black-owned and managed bank.

>>Best Money Market Account Interest Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.


Posted in Banking, Local Banks, Money Market, Rates

California based American Plus Bank N.A. is offering a 1.56 percent rate of return on Personal Money Market Account deposits through the financial institution. Although not as high as in the past, this is the top money market rate you can get from this bank.

  • APY earned on deposit amounts $10,000 to $24,999.99
  • Minimum $100 opening balance
  • Minimum monthly balance of $2,500 minimum to avoid monthly fees and charges
  • Transactions capped to six during calendar month (or statement cycle)
  • A $10 charge will apply to banking transactions about the six
  • Interest on money market accounts is tiered deposit amounts ranging from $0.01 to $2,499.99 earn .65 percent APY and amounts ranging from $2,500.00 to $9,999.99 will qualify for a 1.41 percent APY
  • FDIC Insured

American Plus Bank N.A. prides itself on being a community based bank. There are two locations in California, one in Arcadia and one in Rowland Heights.

>>Best Money Market Accounts

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.


Posted in Banking, Local Banks, Money Market, Rates

Southern California residents are entitled to apply for a healthy 1.25% APY money market rate on a Premium Money Market account through OneWest Bank . To qualify for the money market rate, customers need to be aware of certain terms including:

  • $1,000 minimum opening balance
  • Interest compounded...


Read Full Article: Premium Money Market Accounts at OneWest Bank Earn a 1.25% APY

Posted in Banking, Money Market, National Banks, Rates

united-central

Depositors can earn a competitive 1.45% APY with money market account rates from United Central Bank . Some terms to qualify for the competitive money market interest rate include:

  • Minimum opening balance of $100
  • Minimum balance of $5,000 to avoid monthly service fee of $10
  • Only six withdrawal...


Read Full Article: United Central Bank Global Money Market Account Earns 1.45% APY Rate

Posted in Banking, Local Banks, Money Market, Rates

Sterling National Bank has a competitive 1.45% APY money market account rate for new banking customers. To take advantage of the competitive money market rate customers must meet terms including:

  • Offer only available to new checking account customers
  • Free checking available as long as a minimum...


Read Full Article: Sterling National Bank Offering a Money Market Account Rate of 1.45% APY

Posted in Banking, Money Market

cross_county

Cross County Federal Savings has a 1.50% offer for their Platinum Money Market account investments. Before applying to earn the rate of return depositors should be aware of account terms and features including:

  • Minimum deposit of $15,000 to qualify for this return
  • Maximum deposit amount is...


Read Full Article: Cross County Federal Savings Offers a 1.50% APY on Platinum Money Market Deposits

Posted in Banking, Local Banks, Money Market, Rates

Depositors can earn a 1.05% APY with aRoyal Money Market I account with Royal Asian Bank. Some insight regarding the terms and qualifications for this earning rate include:

  • Interest applies to balances ranging from$1-$49,999
  • 6 complimentary withdrawals apply and a fee of $25 will be levied
  • ...


Read Full Article: Royal Asian Bank Has 1.05% APY On Money Market Accounts

Posted in Banking, Money Market, National Banks, Rates

bank on
Midwesterners are invited to take advantage of an aggressive 1.85% money market rate through BankOn Nebraska . To earn the currently advertised rate of return customers need to be aware of some features including:

  • Minimum $100 opening balance required
  • No monthly balances
  • Earn a $25.00 bonus for...


Read Full Article: BankOn Has a 1.85% APY Money Market Savings Account

Posted in Banking, Local Banks, Money Market, Rates

marathon-bank
East Coast-based Marathon Bank is offering a 1.05% APY on money market account deposits. To qualify for this rate, depositors must meet certain requirements including:

  • Minimum balance of $2,500 to qualify for APY rate
  • Minimum money market account opening balance is $100
  • No fees apply to...


Read Full Article: Marathon Bank of New York Has 1.05% APY Money Market Account Rate

Posted in Banking, Local Banks, Money Market, Rates

adb-bank

ADB Bank is now offering a 1.40% APY rate on their Direct Wealth Money Market . Terms and rules to qualify for this money market interest rate include:

  • No minimum balance required
  • No monthly service charges
  • Includes complimentary online banking with bill pay
  • First check order is complimentary
  • ...


Read Full Article: ADB Bank Money Market Account Rate Drops to 1.40% APY

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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