A New Kind of Money Market: Internet Money Market Accounts at Zions Bank

Posted in Banking , Money Market , National Banks

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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.

The Benefits of Online Banking

Verifying account balances, reviewing account activity and transferring money, managing savings accounts and even writing checks can be completed on your computer screen with online banking. Coupled with bill pay, banking gets even easier. Simply pay bills at your convenience from the comfort of your home, Starbucks or wherever you can find an internet connection.

Also, a greener lifestyle is just a click away, as bank statements will be e-mailed, replacing the paper envelopes cluttering your mailbox.

What Makes Zions Bank Stand Out

Zions Bank’s Internet Money Market Accounts offer its own set of perks as well, including no monthly fees, and surcharge-free ATMs located throughout the nation through an affiliation with MoneyPass.

Zions Banks has 130 branches, but even if you are not near Zions branch, online accounts are available to anyone who wishes to become a Zions Bank client.

Offering a 1.11% APY with a minimum deposit of $1,000 and $2,500 balance requirement, Zion’s Internet Money Market Account has one of the highest rates in the nation. Competing online banking services such as E-Loan only offer 0.75% APY with a $10,000 minimum balance.

The biggest deterrent from customers converting to the online banking option is whether their money will be safe online. Security is one of Zions Bank’s biggest priorities for its clients. Zions Bank is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, per category of account ownership, which is the maximum amount allowed.

Zion’s Internet Money Market Accounts are available for businesses as well.

Open a Money Market Account with Zions Bank

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