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Posted in Banking , Local Banks , Money Market , Rates

1st Summit Bank

Luckily, you don’t always have to possess a huge sum of money to enjoy the best money market account interest rates. At 1st Summit Bank, all you need is a minimum deposit of $300 to qualify for a money market account rate of 1.01% APY. Money Market Rates Deal of the Day: 1st Summit Bank at 1.01% APY

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Posted in Banking , Local Banks , Money Market , Rates

Mile High Banks

Luckily, Mile High Banks is much more accessible than their name indicates. With branches in many major cities, Colorado residents can enjoy the great rates this bank has to offer. The current money market rate at Mile High Banks of 1.06% APY is especially enticing.

Some requirements to obtain this rate include: Money Market Rates Deal of the Day: Mile High Banks at 1.06% APY

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Posted in Banking , Money Market , National Banks

zions-bank
In an effort to provide hassle-free banking for their clients, Zions Bank is offering Internet Money Market Accounts, which allows clients the ability to fit banking into their busy schedules.

One of the biggest advantages to an online money market is convenience. With 24/7 online access to all of your banking needs, making trips to the bank can be scrapped from the errand list. A New Kind of Money Market: Internet Money Market Accounts at Zions Bank

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Posted in Banking , Local Banks , Money Market , Rates

Contra Costa Federal Credit Union

Those in the know are pursing money market account interest rates as a way to help make their savings grow more quickly. Contra Costa Federal Credit Union has a great money market account offer where your earning potential is based on the amount of money you place on deposit. The tiers are:

  • Money market account balances up to $2,499.99 can earn 1.01% APY
  • Money market account balances between $2,500 and $24,999.99 can earn 1.06% APY
  • Money market account balances between $25,000 and$74,999.99 can earn 1.11% APY
  • Money market account balances starting at $75,000.00 and more can earn 1.16% APY
  • Money Market Account Rates Deal of the Day: Contra Costa Federal Credit Union at 1.16% APY

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Posted in Banking , Local Banks , Money Market , Rates

Farmers and Merchants Savings Bank

Some investment opportunities may intimidate depositors from participating because of the complicated terms and time length required of the arrangement. Farmers and Merchants Savings Bank has a totally stress free money market interest rate of up to 1.75%.

There are some simple terms depositors must meet to have their account live up to their greatest earning potential: Money Market Account Rates Deal of the Day: Farmers & Merchants Savings Bank at 1.75% APY

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Posted in Banking , Local Banks , Money Market , Rates

Affinity Plus

Not everyone has a spare $25,000 dollars lying around, but if they did, storing it in a money market account would be a smart idea. Money market accounts are a safe way not only to earn interest, but also to protect the principal balance of your investment. If you have that $25,000 in question, Affinity Plus Credit Union has a generous .625% APY money market interest rate that you can take advantage of thanks to their Nova Money Market Account.

If you are interested in the investment opportunity, you should know: Money Market Rates Deal of the Day: Affinity Plus Credit Union at .625% APY

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Posted in Banking , Local Banks , Money Market , Rates

Great Midwest Bank

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

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Posted in Banking , Local Banks , Money Market , Rates

TriState Bank of Memphis

Tennessee is a state jammed pack with temptations ranging from authentic b-b-q to late night jam sessions on Beale Street. Spare cash is needed to afford all the fun, and with a Tri State Bank of Memphis money market account rate of up to .75% APY, you can save the pocket change required.

The earning potential of the bank’s offerings are based on how much money you have to deposit. The money market tiers are: Money Market Account Rates Deal of the Day: Tri State Bank of Memphis at .75% APY

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Posted in Banking , Local Banks , Money Market , Rates

Scott Valley Bank

Within Santa Cruz County, California, is a small city named Scotts Valley. The area was named after Hiram Scott, who bought the land in 1850 from Joseph Ladd Majors. During that same time period, Adam Baker Carlock left his family in Iowa and set out to “go west” and explore all the bounties of California. Ultimately, that young man being a banker and the founding father of what eventually became the Scott Valley Bank.

Since the humble beginnings of servicing minors, Scott Valley Bank has evolved to be a full-service financial institution offering a full array of depositor products. Among their offers are money market accounts with interest rates based on the amount of money placed on deposit. The tiers are as follows: Money Market Account Rates Deal of the Day: Scott Valley Bank at 1% APY

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Posted in Banking , Local Banks , Money Market , Rates

Foothills Bank

Are you a Yuma resident looking to earn a decent rate of return on your money market account investment? Then the community based Foothills Bank has an offer that you may find appealing. Your rate of return is based on the amount of money you have to invest. The tiers are:

  • Money market account deposits up to $9,999.99 can earn .30% APY
  • Money market account deposits ranging from $10,000.00-24,999.99 can earn .50% APY
  • Money market account deposits ranging from $25,000.00-49,999.99 can earn .55% APY
  • Money market account deposits ranging from $50,000.00-99,999.99 can earn .65% APY
  • Money market account deposits ranging from $100,000.00-249,999.99 can earn .80% APY
  • Money market account deposits ranging from $250,000.00-999,999.99 can earn 1.00% APY
  • Money Market Rates Deal of the Day: Foothills Bank at 1% 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.