Many people are relying on the safety of storing their cash into money market accounts as a way to generate competitive interest rates. Bank at Broadmoor has money market account options perfectly suited for the needs of local Colorado residents. The money market account rates are tiered, meaning the more you deposit the higher rate of return you will earn. The tier list is as follows:
- Deposit amounts ranging from $2,500-$25,000 generate a .25% APY
- Deposit amounts ranging from $25,000-$50,000 generate a .35% APY
- Deposit amounts ranging from $50,000-$100,000 generate a .40% APY
Additional depositor obligations must be met in order to avoid fees and penalties and to qualify for your best money market rate. They include including:
- Opening balance of $2,500 required
- Daily balance of $2,500 required to avoid fees
- Six transactions per cycle allowed however, customers who exceed that transaction will be charged a $10 per transaction fee
- FDIC insured
The Bank at Broadmoor is celebrating it’s 30 year of servicing the local Colorado Springs community and provides customers with four locations to serve their banking needs.
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.
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