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MONEY MARKET ACCOUNT » MMA

Posted in Banking, Local Banks, Money Market, Rates

East Boston Savings Bank (EBSB) is providing an 1.67% APY for the opening of new personal, money market accounts . Some terms to qualify for this high yield money market offer include:


  • Minimum $5,000 deposit
  • APY based on an average daily balance of $50,000 up to $1 million
  • FDIC Insured up to $250,000
  • DIF insured up to $250,000

This account can easily be opened online throughEBSBdirect. East Boston Savings Bank's have 13 branches serving the New England area with locations aroundEssex, Middlesex and Suffolk Counties and throughout Massachusetts.

>>Money Market Account 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.



Posted in Banking, Money Market, Online Banks, Rates

Eloan is offering a 1.35% APY Money Market Rate for their Savings Plus accounts. To qualify to earn the financial institution's highest money market interest rate customers must:

  • Open with a minimum deposit amount of $5,000
  • Must make $100 monthly deposits to maintain highest interest rate
  • Are limited to monthly 6 withdrawals (or face penalty or fees)
  • FDIC insured up to $250,000

Eloan's headquarters are based in Orlando, Florida. Applications for the money market Savings Plus account can be completed online.

>>Money Market Account 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.



Posted in Banking, Money Market, Online Banks, Rates

Florida based EverBank has decreased theirspecial 3-month introductory bonus interest rate for their Yield Pledge Money Market Accounts . The promotional money market rate offer has dropped from 2.51% to 2.25%. To qualify for the special introductory rate deposits must meet the following terms :


...


Read Full Article: Money Market Account Rate Drops to 2.25% at EverBank

Posted in Banking, Money Market, Online Banks, Rates

Bank of Internet USA is offering a 1.60% APY on money market savings accounts deposits. To take advantage of the high yield money market account, customers need to meet the following terms including:


  • Open account with minimum $100 deposit
  • Interest rate is valid on any deposit amount...


Read Full Article: Bank of Internet 1.60% APY for Money Market Savings Accounts

Posted in Banking, Money Market, Online Banks, Rates

Zion Bank is offering a 1.25% APY on money market account investments. The minimum balance to receive this offer is $2,500 and the account must be opened online.


The complete terms to qualify forthis offer include:

  • No monthly fees
  • Nationwide network providing free ATM access
  • Free online...


Read Full Article: Zion Money Market Accounts: 1.25% APY

Posted in Banking, Local Banks, Money Market, Rates

LA Financial Credit Union is offering some decent money market rates. While they aren't the most competitive out there,rates from the Money Market Maximizer Accountare definitely worth mentioning:


  • 0.50% APY - $10,000.00 - $49,999.99
  • 0.75% APY - $50,000.00 - $99,999.99
  • 1.00% APY -...


Read Full Article: Money Market Rates at LA Financial Credit Union in California

Posted in Banking, Money Market, National Banks, Rates

State Farm Bank is giving future and current customers reasonable money market rates; however, they have lowered some since our last report :


  • $0 to $99 - 0.00% APY
  • $100 to $9,999 - 1.01% APY
  • $10,000 to $24,999 - 1.16% APY
  • $25,000 to $49,999 - 1.26% APY
  • $50,000 to $99,999 - 1.35% APY
  • ...


Read Full Article: Money Market Rates Drop at State Farm Bank

Posted in Banking, Credit Union, Money Market, Rates

If you're looking for quality money market rate, take advantage of the 1.20% APY Super Money Market Account from Apple Federal Credit Union . The rate tiers for the account are as follows:


  • 1.20% APY - $100,000 and over
  • 0.40% APY - $0 to $99,999.99

The minimum opening deposit for the...



Read Full Article: Apple Federal Credit Union in Virginia Offers 1.20% APY Money Market Rate

Posted in Banking, Local Banks, Money Market, Rates

The Money Market Advantage Account with the Friendship State Bank offers a competitive 1.77% APY top rate . Here is a full list of tiers for the account:


  • 1.77% APY - $200,000.00-and up
  • 1.26% APY - $100,000.00-$199,999.99
  • 1.00% APY - $50,000.00-$99,999.99
  • 0.75% APY - $25,000.00-$49,999.00
  • ...


Read Full Article: The Friendship State Bank in Indiana Offers 1.77% APY Money Market Rate

Posted in Banking, Credit Union, Money Market, Rates

Service Credit Union is offering a competitive 1.50% APY top rate for its high-yield money market account with direct deposit.


Here are the rate tiers for this account:

  • 1.50% APY - $50,ooo or higher
  • 1.25% APY - $25,000 - $49,999.99
  • 1.15% APY - $10,000 - $24,999.99
  • 1.00% APY - $5,000 -...


Read Full Article: 1.50% APY High-Yield Money Market Rate at Service Credit Union in New Hampshire

Learn More About Money Markets Accounts

Money market accounts are similar to checking accounts, but they allow consumers the opportunity to make returns on deposited money. They are often compared to mutual funds; however, they are considered safer because they keep share prices at $1.

Money market accounts can be acquired through almost any local financial institution. As with checking accounts, opening money market accounts give you immediate and regular access to your funds through a checkbook. Also, they require no minimum transaction amount and allow for fast and easy cash deposits.

Once you invest in a money market account, a money manager will take your cash then invest it in t-bills, bonds, CDs, commercial papers or mutual funds. After interest is earned on your investment, the manager pays you your portion of the earnings. Unlike CDs that have interest rates that mature over time, money market accounts require additional deposits to benefit from higher interest returns.

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