Tiered money market accounts pay interest based on how much money you have on deposit. Typically the more you have on deposit, the higher interest rate you will score. New York based Emigrant Savings Bank has money market rates based on this simple philosophy. The Emigrant Bank money market rate earning potential caps at .85% APY and the entire money market tier base is as follows:
- $5-$2,499 can earn .25%
- $2,500-$49,999 can earn .70%
- $50,000 can earn .85%
In order to qualify for your potential money market rate, certain depositor terms must be met including:
- Minimum deposit of $2,500 required
- Includes direct deposit of Social Security, payroll checks or any regular payment
- Some checking writing privileges included
- FDIC insured
Irish emigrants founded Emigrant Savings Bank in 1850 as a mutual savings bank. Since then the bank has grown into a huge financial institution with $14.7 billion in assets and nearly $800 million in net worth. Currently, there are 34 branches in the New York metropolitan area.
>> Tiered Money Market Account Interest Rates
Current Emigrant Savings Bank 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.
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