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 average rate of inflation.

Money market funds are generally believed to be a safe (albeit uninsured) alternative to standard savings accounts, as they are considered to be a liquid investment interest with a slightly higher rate of return then a savings account.

Money market funds are a good place to invest money when the economy is taking a downward stumble as historically, there has been very little negative impact on money market funds.

Although money market funds do not have the protection of the Federal Government insurance backing them, they are typically considered to be safe investments and many times even portfolio managers use them to store the surplus cash of their clients before investing.

Take a look at these tiered money market rates from United Central Bank:

• 1.45% APY on $5,ooo - $74,999.99
• 1.65% APY on $75,000 - $149,999.99
• 1.65% APY on $150,000 - $299,999.99
• 1.75% APY on $300,000 - $499,999.99
• 1.90% APY on $500,000 - $999,999.99
• 2.50% APY on 1,000,000 and above

The minimum deposit for the Global Money Market account is $5,000. Here are a few additional details of this account:

• Free Internet banking and online bill pay
• Free notary service
• Visa debit card
• Free check imaging with monthly statements
• No monthly fee if linked to Global Value Checking or Global Supreme Checking
• 6 withdrawals allowed per month

In order to open an account, United Central Bank requests that you visit one of the banking centers in Texas, California, Georgia, Maryland, or Virginia.

>> Money Market Deals

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

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