MONEY MARKET ACCOUNT » MMA

Investors have suffered through horrible interest rates for several years now and there are hardly any rates lower than money market accounts and money market funds. The pain of low money market rates would not be so hard to bear, either, had these accounts not been paying a decent rate of return before the Great Recession. Unfortunately, these once decent investments hardly pay more than a standard passbook savings account.

Low interest rates reward borrowers and punish savers and are designed to encourage people and businesses to spend money. The federal government has tried to keep interest rates low in order to boost the economy. The good news is interest rates in America and around the world cannot stay low forever.

Are you interested in investing in your first money market account? Community National Bank of Dayton, Tennessee has always been focused on serving the financial needs of their community, which is why it is providing  a Growth Money Market account that earns up to .60% APY.

There is a $100.00 minimum deposit required to open the account, though in order to be eligible for this money market account rate, you will need a $1,000 minimum balance.  Rates are subject to change without prior notification at Community National Bank’s discretion.

The First National Bank of Dieterich is a local Illinois bank that puts the community first. It strives to help customers meet their savings needs and goals by providing superior banking products, such as their current money market rate that provides interest of .75% APY.

In order to earn this money market interest rate, you must maintain a minimum deposit of $1,000. Failing to do so will result in a fee of $5.00. Please note that this rate may change in the future.

Money market accounts are a great way to earn higher interest on your savings than a traditional savings account can offer. Right now, CenTrust Bank is one of the financial institutions offering a great rate on money market accounts. The current offer is for .65% APY.

Money markets rates are provided on a tiered basis, and balances of $10,000 to $49,999.99 qualify for the advertised rate of .65% APY. Rates may change after the account is opened and fees may reduce the earnings on the account.

AIG Federal Savings Bank is a full-service financial institution that provides customers with an all-inclusive and positive banking experience. Today, this bank is offering a money market account interest rate of 1.00% APY.

In order to be eligible for this money market deal, you must maintain a minimum $10,000 account balance. Rates are subject to change at any time and without prior notification. Please contact the financial institution for more information.

Advantage Credit Union is always intent on providing their members with the best financial services and products. That includes the best money market account rates possible, like the current offer at 1.10% APY.

To be eligible for this money market account, you must be a member of the credit union and deposit a minimum of $5,000. Rates are subject to change at any time. Please contact Advantage Credit Union directly for more information.

PyraMax Bank wants to provide customers with as many banking options as possible, which is why they offer the Maximizer Money Market account. It’s meant to “offer complete liquidity, flexibility, and a competitive return on invested funds,” like the current money market account rate of .45% APY.

To earn the advertised money market account rate, you must maintain a balance between $10,000 and $100,000. Contact PyraMax Bank to find out more about this account. Rates are subject to change at any time.

The term “starving student” came into existence for a good reason. Zions Bank knows students especially need financial assistance and extra encouragement to save money, which is why they created the Codegreen Money Market account for students. This account currently offers an excellent money market rate of.71% APY.

Any qualifying student under the age of 25 can open this account. There is no minimum balance or monthly service fee, though this money market account rate applies to balances under $2,000. Anything over $2,000 will earn a rate of .35% APY. No more than six transfers can be made during each 30-day statement cycle by pre-authorized transfer, automatic transfer or telephone transfer, but you may make an unlimited number of withdrawals from the account in person, by ATM or by mail or messenger.

It’s not everyday that a bank or credit unions offers a money market account rate that beats most long-term CDs, but the Kellogg Company Employees Credit Union has done it with their current money market account offer for 1.25% APY. Six withdrawals are allowed per month at no cost ($100 minimum) and rates are subject to change at any time.

Only credit union members are eligible to open a money market account. Interest rates are tiered, and balances between $10,000 and $24,999.99 will earn the advertised rate.

Heartland Bank is giving its customers the opportunity to earn more interest on their balances according to a tiered rate system. Instead of placing all of your money in a simple savings account, you can earn higher interest by depositing in their money market account that currently offers a rate of .45% APY.

You need a minimum balance of $1,000 to open a money market account at Heartland Bank, but balances over $10,000 earn the advertised APY. The account is a variable interest rate account, so the interest rate and may change at the bank’s discretion. Transfers are limited to six per monthly statement cycle, three of which may be made by check, draft, debit card or similar order.