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MONEY MARKET ACCOUNT » MMA

Posted in Banking, Money Market, Rates

Umbrella Bank money market rates

Umbrella Bank is offering some competitive money market account rates. Here are their rates as of today:

  • 1.35% APY with deposits of <$1,000
  • 1.35% APY with deposits of $1,000-$4,999
  • 1.35% APY with deposits of $5,000-$9,999
  • 1.35% APY with deposits of $10,000-$24,999
  • 1.35% APY with deposits of $25,000-$49,999
  • 1.74% APY with deposits of $50,000 and over

Here are some important details when opening a money market account with Umbrella:

  • Check writing access available
  • ATMs are available with every account on request
  • Interest is compounded daily and credited monthly
  • Limited to 6 non-ATM transactions per month

***For more competitive money market rates, visit with Go Banking Rates to find the best deals.***


Posted in Banking, Money Market, Rates

Flagstar Bank money market account rates

Flagstar is offering a competitive 1.81% APY Express Money Market Account as of today. Here are some important details to consider when opening an account with this bank:

  • No minimum balance requirements
  • Offers free checks
  • ACH limit on the amount you can transfer ($5k a day and $25k per month)

The bank currently has a fair financial safety rating of 3 stars from BauerFinancial.

***For the best money market rates, visit with Go Banking Rates daily for the hottest deals.***

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


Posted in Banking, Money Market, Rates

Beverly National Bank money market rates

Beverly National Bank is offering some competitive money market account rates. Here are their MMA rates as of today:

  • 0.75% APY with a deposit of $25,000
  • 1.00% APY with a deposit of $50,000
  • 1.25% APY with a deposit of $100,000
  • 1.75% APY with a deposit of $100,000.01+

Here are some important...



Read Full Article: Beverly National Bank Various Money Market Account Rates

Posted in Banking, Money Market, Rates

H&R Block Bank Money Market Account Rates

H&R Block Bank is offering a 1.75% APY money market account , with a minimum deposit of $50,000. Here are some of their other MMA rates:

  • 0.85% APY with deposit of $0-$999
  • 1.00% APY with deposit of $1,000-$4,999
  • 1.15% APY with deposit of $5,000-$9,999
  • 1.30% APY with deposit of $10,000-$24,999
  • ...


Read Full Article: H&R Block Bank 1.75% APY Money Market Account Rate

Posted in Banking, Money Market, Rates

Evergreen Bank Group money market account rates

Evergreen Bank Group is offering a 1.75% APY money market account rate on their Cornerstone Money Market Account. Here are some important details to consider when opening a MMA with Evergreen Bank:

  • Customers can benefit from a $2,500 minimum opening deposit
  • ATM reimbursement is available for...


Read Full Article: Evergreen Bank Group 1.75% APY Money Market Account Rate

Posted in Banking, Money Market

Money market accounts are offered by both banks and credit unions, and are very similar in their behavior to traditional savings accounts . The minimum balance amount tends to be slightly higher than traditional savings accounts and so do the interest rates that are paid on the money on deposit...



Read Full Article: How Do Money Market Accounts Work?

Posted in Banking, Money Market, Rates

Affinity bank money market account rates

Affinity Bank has various money market accounts available at competitive rates depending on deposit amounts. Here are their deposit tier levels:

  • 1.40% APY rate with $10,000 deposit
  • 1.55% APY rate with $25,000 deposit
  • 1.90% APY rate with $50,000 deposit
  • 1.90% APY rate with $100,000 deposit

...



Read Full Article: Affinity Bank Various Competitive Money Market Account Rates

Posted in Banking, Money Market

When the stock market performs badly, more and more people look to invest their money in the safest ways possible. One way that many people feel more secure is by investing in the Treasury bill . Treasury bills, or T-bills as they are often called for short, are issued by and protected by the...



Read Full Article: Money Market Account: Competitive vs Noncompetitive Bids on Treasury Bills

Posted in Banking, Money Market, Rates

Corus Bank Money Market Account Rates

Corus Bank is offering a money market account with a rate of 1.90% APY. The rate is effective as of 7/14/2009. Here are some important details when opening a money market account with Corus Bank:

  • Daily balance compounding used to determine APY rates
  • All accounts are variable rates unless...


Read Full Article: Corus Bank 1.90% APY Money Market Account Rate

Posted in Banking, Money Market

Although they are not backed by any type of government financial insurance plan, since 1940 there have been a huge list of checks and balances in place to ensure the regulation of money market funds .

The Investment Company Act of 1940 was passed by Congress as a way to build consumer confidence...



Read Full Article: Money Market Funds (MMF) Basics

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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