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MONEY MARKET ACCOUNT » MMA

Posted in Banking, Local Banks, Money Market, Rates

At Montgomery Bank in Florida, the Montgomery Gold Money Market Account is offering 1.40% APY. Here are the rate tiers for the account:

  • 1.40% APY for balances of 100,000 or higher
  • 0.76% APY for $10,000 - $99,999
  • 0.06% APY for $0 - $9,999

The minimum to open the money market account is $100. If you daily balance falls below $100, you will be subject to a $10 service fee each month. The account is limited to 6 transfers per month. You will be charged $10 for exceeding your transfer limit.

>> Money Market Interest Rates

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


Posted in Banking, Local Banks, Money Market, Rates

Evantage Bank is offering a competitive 2.00% APY money market rate for balances through $35,000. Here are some specifics of the Mega Money Market account:

  • 2.00% APY - balances through $35,000
  • 1.00% APY - balances over $35,000
  • 6 pre-authorized withdrawals every cycle ($5 fee incurred for more than 6 withdrawals)
  • No monthly fees

There is no minimum balance required for this account. Limit one account per household.

>> 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

Recently, we reported that First East Side Savings Bank had lowered its top money market rate from 2.25% to 2.00%. Well, we just found that the rate has dropped even lower. The new rate for the top tier is 1.85% APY .

Here is a list of all of the tiers for the account:

  • 1.85% APY on $100,000.00...


Read Full Article: First East Side Savings Bank's Money Market Rate Drops Even Lower

Posted in Banking, Local Banks, Money Market, Rates

Service Credit Union is offering a competitive 1.50% APY on the highest tier for its Service + High-Yield Money Market Account with Direct Deposit . Here is a list of the account's rate tiers:

  • 1.50% APY - minimum to earn $50,000
  • 1.25% APY - minimum to earn $25,000
  • 1.15% APY - minimum to earn...


Read Full Article: Competitive 1.50% APY High-Yield Money Market Rate - Service Credit Union

Posted in Banking, Money Market, Online Banks, Rates

Bank of Internet is offering an impressive 1.70% APY for all balances with the Money Market Savings Account . Here are the rate tiers for this account:

  • No minimum balance required
  • Unlimited access to your account 24/7
  • FDIC insured

The account requires a $100 minimum to open and is available...



Read Full Article: 1.70% APY Money Market Rate from Bank of Internet

Posted in Banking, Money Market, National Banks, Rates

The money market rate at Zions Bank has recently lowered to 1.35% APY . The rate was previously listed at 1.40%.

Here are a few details of the account:

  • $1,000 initial opening deposit
  • $2,500 required to earn interest
  • Account earnings compounded daily and credited monthly

You are limited to 6...



Read Full Article: Zions Bank Money Market Rate Drops to 1.35% APY

Posted in Banking, Money Market, Money Market Accounts

Every investor worthy of the title knows that it is essential to keep funds liquid in a traditional savings account. However, keeping excess sums of money in savings accounts for the long term is not a wise investment strategy as commonly the interest rates earned do not keep pace with the...



Read Full Article: Money Market Funds for a Down Market

Posted in Banking, Local Banks, Money Market, Rates

Geddes Federal Savings and Loan Association is offering a competitive 2.00% APY money market rate on balances of $50,000 or more . The rate for balances between $1,000 and $49,000 is 1.00% APY.

The account requires a $1,000 minimum deposit to open. Also, you must maintain at least $25 in your...



Read Full Article: 2.00% APY Money Market Rate at Geddes Federal Savings and Loan Association in New York

Posted in Banking, Local Banks, Money Market, Rates

St. Mary's Bank in New Hampshire is offering an impressive 1.75% APY with its Beyond Rewards Money Market Account . The rate tiers for the program are as follows:

  • 1.75% APY - $75,000 and above
  • 1.60% APY - $50,000 - $74,999.99
  • 1.30% APY - $25,000 - $49,999.99
  • 1.15% APY - $10,000 - $24,999.99

The...



Read Full Article: 1.75% APY Top Tier Money Market Rate with St. Mary's Bank

Posted in Banking, Local Banks, Money Market, Rates

Century Bank Direct is offering a 1.49% APY with its Money Market Account . Some features of the account include:

  • Free online banking
  • Free personalized checks (first order of 50 checks)
  • Visa Check/ATM card
  • Limited check writing
  • Monthly e-Statements

The account requires a $1,000 minimum opening...



Read Full Article: 1.49% APY Money Market Account - Century Bank Direct

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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