High Yield Savings Rate » Money Market Rate

What are Money Market Accounts (MMA)

hysr — Tue, 08 Mar 2011 03:43:28 +0000

A money market account or MMA is a premium account or a high interest savings account. It is a deposit account offered by most banks wherein deposits are invested in government and corporate securities. Depositors are then paid interests based on current interest rates in the money market.

A money market account offers a relatively high rate of interest, but requires a higher minimum balance. The money invested in a money market account is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $100,000 just like other bank accounts.

While a money market account can be considered a low risk investment, one thing you should keep in mind is that since it is an investment it comes with certain restrictions and one of these restrictions is that the money you put into a money market account will not be as liquid as in a regular savings account.

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Omni Bank True Blue Money Market at 2.25%APY

hysr — Wed, 25 Nov 2009 20:57:18 +0000

Omni Bank is offering a True Blue Money Market Account. A limited time offer, the 90 day promotional APYs depend on how much you can stash away to the bank.

The promotional rates for Omni Bank True Blue Money Market are:

$10,000 – $24,999 balance – 1.75%APY
$25,000 – $100,000 – 1.75%APY
$100,000-$249,000 – 1.75%APY
$250,000 – $499,999 – 2.00%APY
$500K – 2.25%APY

Omni Bank has 16 locations in the state of Louisina.

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AIG Bank high yield money market account at 1.75%APY

hysr — Wed, 04 Nov 2009 03:05:33 +0000

AIG Bank offers a high yield money market account. APYs offered depends on amount of investment.

Here are what appears on its rate sheet updated October 22, 2009.

1.10% APY for account balance $2,500 – $9,999
1.51% APY for account balance $10,000 – $49,999
1.60%APY for account balance $50,000 – $99,999
1.65%APY for account balance $100,000 – $249,999
1.75%APY for account balance $250,000 or more

AIG Bank high yield money market account is covered with FDIC insurance.

EverBank high yield money market account bonus rate at 3.01% Individual’s who are looking for other saving options should check...
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Seacoast Commerce Bank high yield money market account at 2.05%APY

hysr — Sat, 01 Aug 2009 02:53:03 +0000

Seacoast Commerce Bank is offering an Investor Money Market Account at 2.05%APY. Interested investors who want to open this high yield money market account are required to make a minimum opening deposit of at least $25,000 to obtain the APY. The bank also require that the initial deposit of $25,000 must be new money or funds not coming from deposits within the bank.

The 2.05%APY is accurate as of July 3o, 2009, but is subject to change without notice. There are also bank fees which could reduce your earnings. Seacoast Commerce Bank is a member of FDIC based in California.

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