Excel National Bank 2.24% Money Market Account Rate

Excel National Bank is offering a 2.24% ($250,000+ deposit) rate on their money market account deposits. According to their website, the money market accounts are best for “Clients who want to earn higher interest rates on higher balances and can limit transactions.”Here are some of their other MMA rates:

• $0.01 – 9,999.99 for 1.25% APY
• $10,000.00 – 49,999.99 for 1.50% APY
• $50,000.00 – 99,999.99 for 1.75% APY
• $100,000.00 – 249,999.99 for 2.00% APY
• $250,000.00 and above for 2.24% APY

Some important details to note are:

• You need a minimum opening deposit of $1,000
• There is a monthly service fee of $20
• You can waive the service fee if you have a daily balance of $10,000 minimum
• Interest is compounded daily and posted end of month
• Total of 3 checks written and 6 debits per month
• Free Excel Online Banking Service with Excel Bill Pay

For the best money market rates online, please check in with Go Banking Rates often as rates change daily.