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Posted in Banking , Local Banks , Money Market , Rates

Private Bank of Minnesota

As interest rates remain at historic lows, consumers are struggling to find the greatest return on their investment. That is why many consumers opt to deposit their resources into money market accounts as they tend to generate a higher interest rate than traditional savings account.

One such place proving the point is the Private Bank of Minnesota. The financial institution offers tiered money market accounts so the more money you deposit, the higher rate of return you can earn. Money Market Account Rates Deal of the Day: Private Bank of Minnesota at 1.11% APY

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Omaha State Bank

Not all money market accounts are created equal as some offer higher interest rates to depositors. Omaha State Bank offers one money market account option for customers to take advantage of and the interest rate offered is based on the amount of money deposited to the account. The tiered rate structure listed below only applies to the Omaha State Bank’s money market plus account.

The earning potential is: Money Market Account Rates Deal of the Day: Omaha State Bank at .85% APY

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Los Angeles Federal Credit Union

Are you a Los Angeles native looking for a higher rate of return on your deposit amounts? Then Los Angeles Federal Credit Union’s money market account rates are the answer to your financial prayer. The money market account rates you can earn are based on the amount of money place on deposit.

The earning potential is: Money Market Account Rates Deal of the Day: Los Angeles Federal Credit Union at 1.30% APY

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Posted in Banking , Local Banks , Money Market , Rates

Money market savings accounts are growing increasingly popular as interest rates are still at historic lows. Typically money market account rates are higher than the offerings from traditional savings accounts. The money market account rates offered by Huron Valley State Bank is proving just that. The interest you can earn is based on the amount of money you deposit and the tiers are:

  • Deposit amounts ranging from $5,000 – $9,999.99 can earn .25% APY
  • Deposit amounts ranging from $10,000 – $24,999.99 can earn .50% APY
  • Deposit amounts starting at $25,000 and above can earn .75% APY
  • Money Market Account Rates Deal of the Day: Huron Valley State Bank at .75% APY

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Harris Bank

Some people have an aversion to the word “relationship,” but when it comes to proper money management, they need to just get over themselves. That is especially true for those seeking a decent money market account rate as Harris Bank has them, but only on their Relationship Money Market Accounts.

The amount of interest you can earn is based on the amount of money you have on deposit and they are: Money Market Rates Deal of the Day: Harris Bank at .65% APY

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1st Commonwealth of Virginia

Money market accounts are another type of investment tool investors should consider adding to their portfolio. The accounts are low risk and typically offer a higher rate of return than traditional savings account and the 1st Commonwealth Bank of Virginia has a great offer just for you!

There are certain terms you need to be aware of to earn the highest money market rate on your deposited money including: Money Market Account Rates Deal of the Day: 1st Commonwealth Bank of Virginia 1.75% APY

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Posted in Banking , Local Banks , Money Market , Rates

Tulsa Teacher's Credit Union

Teachers are one of the most valuable assets to society. Comparatively speaking, their compensation levels are way too low for the amount of work they do in regards to helping mold our future generations. That is why the generous money market account rates from the Tulsa Teachers Credit Union are so handy; it will provide the best money market rates to those who deserve it most.

The money market account interest rates are tiered, meaning that the interest earned is based on the amount of money on deposit. The tiers are: Money Market Rates Deal of the Day: Tulsa Teachers Credit Unions at 1.35% APY

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Valley State Bank

Sumner County Kansas proudly declares itself the “Wheat Capital of the World.” Whole, grainy goodness abounds in the area, and many make their livings from the earth’s bounties. Whether you do or not, you can earn a bounty of rewards thanks to the locally based Valley State Bank’s generous money market account rate. Customers who decide to invest in a money market account with the financial institution can earn a health .90% rate of return. Some general terms of the money market account include:

  • Minimum balance of $10,000 required to earn qualifying interest rate
  • A $10 service fee will be charged if monthly average drops below $10,000
  • Debit transactions capped to six per month
  • Debit transactions exceeding the cap will be charged $5 each
  • Account comes includes complimentary monthly statements, check imaging, online banking and, check safekeeping
  • No minimum balance required to earn interest however the APY may drop
  • FDIC Insured
  • Money Market Account Rates Deal of the Day: The Valley State Bank at .90% APY

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Posted in Banking , Local Banks , Money Market , Rates

Marisol Bank

Because the Federal Reserve has been dedicated to keeping the interest rates low across the nation, finding a higher than average yield for your investments has become a bit of a challenge. However, with a Marisol Credit Union money market account, you can earn up to a .55% APY. The APY you can receive is based on the amount of money you can leave on deposit in your money market account. The tiers are as follows:

  • Deposits ranging from $1,000 to $9,999 can earn a .25% APY
  • Deposits ranging from $10,000 to $24,999 can earn a .35%
  • Deposits ranging from $25,000 to $49,999 can earn a .45%
  • Deposits Amounts Starting at $50,000 and above can earn a .55% APY
  • Money Market Account CD Rates Deal of the Day: Marisol Credit Union at .55% APY

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Kaiser Federal Bank

Most Californians are familiar with the health insurance provider, Kaiser Permanente. If the name of the Kaiser Federal Bank sounds familiar, it is because this financial organization has its roots directly linked to the insurance provider.

However, the two are now completely different entities and Kaiser Federal Bank has a top money market account rate of 1.05% APY. If you are interested in tapping into the healthy money market account rate offered by Kaiser Federal Bank, you should know: Money Market Account Rates Deal of the Day: Kaiser Federal Bank at 1.05% APY

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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.