Bigger is better. In this case, it really is that simple.
You're looking for a good way to grow your money. Nothing complicated, nothing risky. A Money Market might just be the answer. This federally insured account earns higher returns than traditional savings accounts, while providing you with easy access to your funds.
Features:
- Interest Bearing
- Tiered interest rates
- Free Online Banking and Bill Pay
- Free e-statements / online statements
- Free Mobile Banking
Details:
- $1,000 minimum deposit to open
- No monthly fee on daily balances of $1,000 or more ($15 monthly fee if your balance falls below $1,000)
- Deposits up to $250,000 insured by Federal Deposit Insurance Corp. (FDIC)
Service Charges:
- $15 if daily balance falls below $1,000
Interest Tiers: The interest rate and annual percentage yield (APY) for your account depend on the applicable rate tier.
Tier 1: Balances of $.01 - $50,000 earn an interest rate of .65% with an APY of .65%
Tier 2: Balances of $50,001 - $100,000 earn an interest rate of 1.00% with an APY of 1.00%
Tier 3: Balances of $100,001 - $250,000 earn an interest rate of 2.50% with an APY of 2.53%
Tier 4: Balances of $250,001 - $500,000 earn an interest rate of 3.50% with an APY of 3.56%
Tier 5: Balances of $500,001 - $1MM earn an interest rate of 4.00% with an APY of 4.07%
Tier 6: Balances greater than $1MM earn an interest rate of 4.50% with an APY of 4.59%
