Money Market Rates Deal of the Day: Great Midwest Bank at 1.10% APY

A case in point comes courtesy from the Great Midwest Bank. What they call an “Insured Investment Account” also goes by the moniker of a money market account. The one offered by this financial institution has an earning potential of up to 1.10% based on your deposit amount.

The tiers are:

• Money market account balances ranging from $0 to $2,499 can earn .15% APY
• Money market account balances ranging from $2,500 to $24,999 can earn .85% APY
• Money market account starting at $25,000 and above can earn 1.10% APY

If you want to take advantage of this money market account, you need to know some terms of the deposit agreement, including:

• An opening balance of $2,500 is required
• Money market account interest is compounded monthly
• Bank reserves right to change money market interest rates at their discretion
• Customers can make unlimited withdrawals via mail, at a teller window, or through an ATM
• As long as a $500 minimum daily balance is maintained, no service charges will apply
• FDIC insured

The Great Midwest Bank has locations in the Milwaukee Metro region, a branch in the Madison area and has some Fox Valley offices as well.

>> Best Money Market Account

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.