Top Money Market Account at Buckhead Community Bank Pays .1% APY

Posted in Banking , Local Banks , Money Market , Rates

Buckhead Now State Bank

The great state of Georgia had the most 2009 bank failures of any region in the nation. Once such casualty was the Buckhead Community Bank. However, the spirit of the financial institution is still alive and well, under the leadership of State Bank. Chances are, the next time you go to visit your former branch of The Buckhead Community Bank, you will still find the same friendly faces you have gotten to know over the years and they will be more than happy to help you open a money market account.

Buckhead Community Bank’s money market account interest rates are tiered, meaning the interest you earn is based on the amount of money you deposit. The money market interest rate tiers are:

  • Deposit amounts ranging from $1 to $49,999 can earn .5% APY
  • Deposit amounts ranging from $50,000 to $99,999 can earn .75% APY
  • Deposit amounts starting at $100,000 and up can earn .1% APY

To qualify for your premium interest rate, there are some terms that apply including:

  • Minimum balance of $2,500 required to avoid monthly service fees
  • Monthly service fee of $10 will apply if minimum balance is not met
  • By federal law transactions capped to six per statement period
  • Transactions that exceed federal cap will be charged $12
  • Collected balances of $1,000 or more will have Interest compounded daily
  • Interest credit to money market account on monthly basis
  • FDIC insured

Since 1998, the Buckhead Community Banks started servicing local Georgia communities and now has branches around the state in Alpharetta, Buckhead, Cobb, Forsyth, Hall, Midtown or Sandy Springs. However, since December 4, 2009, The Buckhead Community Bank has been taken over and now operates as State Bank. The application process for any of the services offered by the Buckhead Community Bank can begin online.

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.

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