Joining the ranks of the best money market rates today is Self Reliance New York Credit Union’s MMA account rate. This account yields as high as 1.61% APY, but there are certain conditions to be met to get this money market rate. To open the account, you need put in an initial minimum of $2500. In addition to that, you need to maintain this balance to earn the best money market rate and for you not to be charged with monthly service fees.

You are also required to withdraw at least $500 from the account every statement period, and by law, allowed only up to six withdrawals every month. There’s nothing in their website (which is quite bare) guaranteeing till when this high rate will remain. If you pass their membership requirements, and are quite capable of maintaining the MMA account, then you should take advantage of the high rate and apply now. If you plan to apply later, it will be wise for you visit the credit union’s rate page first to be certain that you’re getting the best money market deal.

Eligibility for this account is quite limited. You need to be a member of the Selfreliance Association of American Ukranians to qualify for an account. The full details of this are stated in their About Us page. There is also a $5 membership fee for the Association, and branches are limited again in New York. There are currently three known branches in the Big City in Second Avenue, Uniondale, and Kerhonskon.

Despite its limited scope of beneficiaries, the credit union maintains pretty stable financial ratings. They scored 5 stars in BauerFinancial.com, and the same perfect rating was issued by Bankrate.com. Self Reliance NY FCU is also federally insured, and is a member of the NCUA under NCUA Charter #7217.   

Bank of the Ozarks offer an attractive interest rate for their money market account with a promo advertised on the Dallas Morning News recently. The current interest rate is pegged at 1.21% APY which is very competitive in today’s market.

The money market promo does not appear on the website of the bank. The advertisement clearly states that the money in the bank deal is offered for those in the Dallas-Forth Worth area.

The ad is still available as of today but the promo is offered on a limited time basis. Interest rates may be changed by the bank any time without notice.

The bank is headquartered in Little Rock, Arkansas. They also operate branches in North Carolina, South Caroline, Georgia, and Alabama. If you want to contact the bank to find out more about this money market savings opportunity, you can call them via 1800-274-4482.

The Bank of the Ozarks is performing very well. Bankrate.com issued 4 stars for its soundness and safety while BauerFinancial stamped their performance report with 5 stars. These ratings were based on their March 2010 collected data.

The bank is registered with the FDIC with certificate number 110.

It is very difficult nowadays to find a good interest rate for a money market account. It seems SunTrust Bank is going against the tides as they offer a real money in the bank deal with their Advantage Money Market promo with a current APY of 1.40% for their existing personal checking account clients.

When you open this high yield money market account with SunTrust, your money will be getting 1040% APY which is about 3x the average earnings of a money market account across the country at 0.55%

Now how do you get this great interest rate working for you. It does not need much effort, interest individuals can open the money market account at the bank with an initial deposit of at least $100. When account holders decide to keep their account balance low, the promo rate of 1.40% APY will only be in effect for the first 3 months. Your APY stays on the 1.40% line if you decide to put in funds above $9,999 mark. The rate will drop to 0.50% in case you decide to stay below that level after the promo period.

There is an online application that you can click on when you visit the bank’s website. You may also call them via 800.SUNTRUST for any inquiries about their products and services. The interest rates that we have here may be changed by the bank any time without notice. Please consult the bank for the latest figures before signing up for anything.

This money market account is subject to withdrawal limitations and fees when you go over certain limits. There is also a $15 fee in case you fall below the required balance on a cycle.

SunTrust Bank is a big financial institution headquartered in Atlanta, Georgia. They operate around 1,700 branches and offices across the southeastern portion of the U.S. The bank is a member of the FDIC.

If you’re looking for competitive money market rates, you might want to look into Nationwide Bank’s MMA deal. This could possibly be the best money market rate today, earning up to 1.15% APY. Of course, the rate has dropped dramatically, compared to two years ago, when this account was first offered, but in the general perspective of things, this isn’t a bad deal at all.

To open this money market account, you need to maintain a minimum balance of $1000. If your balance goes below this sum, you’ll be obliged to pay $8 a month. You have to keep in mind, though, that this is a liquid account, and as liquid accounts usually go, the rates tend to fluctuate. Before opening an account, it’s best for you to visit the bank’s rate page, first.

A lot of current account holders with the bank stick with the service because of their stable ACH transfers. If you feel like you’re going to be transferring funds electronically quite frequently, it’s best if you open this account. Their ACH service allows:

• Fund transfers from other banks
• Unlimited number of linked accounts
• A maximum of six outgoing withdrawals, which cost $5 each
• A cap of $500,000 for each transfer

The only downside with the bank’s ACH service lately is that there seems to be a lot of delays. While they claim that they can transfer funds in as little as 3 days’ time, there have been a lot of complaints about some transfers taking as long as five days to a week.

On the plus side, you can enjoy your first ordered checks for free. Nationwide Bank can also issue you an ATM card if you wished to have one, and this is also free of charge. Nationwide Bank is still a fairly young bank. It was established in 1998, and is pretty stable as a financial institution as such a young age.

Recently, they’ve been given a five out of five rating from both Bankrate.com (a rare occurrence) and BauerFinancial.com. The bank is a member of the FDIC, and has federal insurance under FDIC Certificate # 34710.

EverBank has a money in the bank promo wherein new depositors can earn a $75 bonus. On top of the said amount, depositors who opt to get the Everbank’s Yield Pledge, part of their Money Market array of accounts and deposit as much as $20,000. Customers who choose to get the FreeNet Checking bank account on the other hand can receive as much as $25. Depositors need to maintain these minimums for up to to four bank statement cycles to be eligible for the said bonuses. Customers then receive their bonuses on the 5th cycle.

These bonuses are only the icing to the promotional quarterly rate Everbank offers. Last July 27, 2010, the official promotional interest rate is at 2.25%. These rates will apply on the initial $50,000 the customer places on the money market account and on the initial $100,000 for checking services.

Quality Interest Rates

Everbanks Annual Percentage Yield for their normal savings account with a balance of less than $50,000 is 1.46%. This particular rate is competitive. However, customers have to account for the monthly fees.

Money Market Account: Yield Pledge

The Yield Pledge account’s Annual Percentage Yield is pegged at 1.26%. According to the bank, their Annual Percentage Yield (APY) for the initial year is 1.51%. This figure is a combination of the initial three months with an APY of 2.25% and the rest of the year at 1.26%. Depositors need to be aware that the advertised rate of 1.51% can lower as the 2.25% is only guaranteed for the first quarter.

Depositors also need to be aware of the $8.95 fee deducted monthly to savings less than $5,000.

FreeNet Account

Everbank has another checking account in FreeNet. It’s yield is relatively high and it is quite competitive. However these rates are tiered. For accounts with under $10,000, the APY is 0.51%.  Accounts which have $100,000 and over, their APY is 1.26%. Of course, customers are guaranteed that these rates are ongoing and that they are not under the introductory quarterly promo.

Accounts are not charged with monthly fees. However when a customer registers or enrolls for their online billing payment service, charges can be incurred if the savings are less than $5,000. The monthly fees ineligible accounts are charged is $8.95 monthly.

Opening an Account

Based on the information of the bank representative, interested depositors will need to print a signature card when they finish the application form on the Internet. This new account can be funded with checks or a transfer. Another option is to use the Automated Clearing House (ACH) transfers, however only a select few will be allowed by the bank to perform this particular transaction in order to fund their accounts. If people cannot perform an online transaction or cannot take the other choices, a phone application can be undertaken with the bank branch sending a signature card for the depositor to fill in.

EverBank, however, has very strict guidelines when a depositor opens an account. The bank will perform a detailed investigation on credit status. This hard inquiry of one’s credit standing is undertaken through Experian and this can mark on the customer’s credit rating.

Depositors who make Everbank as their bank are offered with several options in regards to account types. EverBank does not just have the traditional joint or individual accounts. This bank  has a buffet of financial services like trust, IRAs and custodial accounts. Customers who apply are also given the choice to name their POD beneficiaries. EverBank is the only bank among online banks so far that provides this particular service.  If you have any questions with regard to the application for an account or you have inquiries about their different products, you can call them through 866-343-0556.

Automated Clearing House Bank-to-Bank Transfers

The bank is quite conservative in providing information regarding its clearing house transfer services. A bank representative details the transfer features:

• Everbank has limits on their Automated Clearing House transfers, namely a maximum of $50,000 a day and $200,000 a month.
• Automated Clearing House made online are free of charge.
• Everbank does not limit the ACH links that you can make to any of your bank accounts outside of it.

However, depositors need to know that the transfers made through EverBank can be slow. According to reports, their transfer times can takes as long as 4, 5, or 6 days and in those days there is a chance that 2 days worht of interests are lost. This slowness is accounted by the banks anti-fraud measures. The bank also has wire transfers. Only wire transfers with money coming in are free of charge.

Deposit Checks from Home

Everbank is offering a new service wherein their depositors can scan checks from home and be able to deposit them. This particular service currently has a daily limit of $10,000. Customers who want to avail of these services will need to avail of the money market and checking accounts. After performing the scan and depositing the money, customers need to fill in a form and then fax or snail mail it to the bank.

World Currency Certificate of Deposits

Savvy investors who are alert about the fluctuations of the dollar and the inflation, can take up the World Currency Certificate of Deposit accounts. However, one has to be aware of the currencies they are saving their deposits as or otherwise they can lose money. Iceland CDs under EverBank had lost money in the past.

EverBank Overview

This bank has been with the FDIC since 1998 with a certificate number of #34775. It is an online bank with sizeable assets reaching up to $9.56 billion.

BauerFinancial rates soundness and safety of this bank with an excellent rating of 4 stars. Bankrate.com gives Everbank 4 stars and DepositAccounts.com provides 4 stars. These ratings are based on their collected data last March.

If you want a yield that’s competitive to most long term CD rates, a checking account feature, and a free use of the ATM, then the account you’re looking for is none other than the Mega Money Market account offered by AmericaNet Bank . This account earns a generous 2.00% APY. The most attractive feature of this account is that it has no minimum balance.

In other words, your funds will still earn interest even if they don’t reach $1,000. This is contrary to other money market accounts offered today. The only clincher, probably, is that the maximum balance which can earn 2.00% in this account is $35,000. For balances beyond that, the rate falls to 1.00%. Comparatively speaking, though, this is still very attractive. Most fallback money market rates are 0.50% or lower.

Another standard and federal limitation is the number of third party withdrawals you make each month. You’re only allowed six free withdrawals a month. Every item beyond that, according to the website, will be charged $5. Again, it’s inconvenient for account holders, but the fee is average. It’s about the same transaction fee any other bank would charge its clients.

The bank definitely makes application easy for people who want to take advantage of their money market rates. They’ve provided a link on the account’s page so that interested depositors may open an account without having to fax or email documents to the bank. Of course, you will want to check the bank’s rate table first before opening the MMA. These rates tend to change a lot, sometimes in a matter of a few days. The top rate today can fall by half the next, so it always pays to be extra careful.

AmericaNet Bank is based in Oklahoma (with only a PO box to mark their location). The good thing about it is that you know their high yield accounts are available nationwide. The only disadvantage is that you don’t really have a physical address to send your complaints to if anything goes wrong. No matter, the bank’s customer service officials are easy to contact. Just dial 1.888.210.2028 or fax 1.888.210.2027 if you have any inquiries.

The bank is open to receive your calls anytime between 8:00 AM to 6:00 PM CST, from Mondays through Fridays. It is a subsidiary of All America Bank which has been around since 1969. The bank’s ratings for soundness and safety are above average, earning four stars from BauerFinancial.com and three from Bankrate.com.

AmericaNet Bank and All America Bank are members of the FDIC. To check their insurance details, see FDIC Certificate #20093.

Although Northern Star Credit Union’s Money Market Account used to have a higher yield of 2.00% APY a few weeks ago, the current money market rate is still competitive at 1.25% APY. For a minimum maintaining balance of $50,000, you’ll get to earn this much interest.

The lower tier of this account isn’t bad, either. Balances between $25,000 and $49,999 get to earn 1.00% APY. Of course, money market account rates always rise and fall, so the only way you can get the best deal is to check the bank’s rate table before opening an account.

There is no information about the money market account’s other features (i.e. service fees, withdrawal limits and accessibilities) but the credit union states that it is open to all members. To be eligible for membership, you need to worship, live, work, or study in the Great Hampton Roads Area. You can apply online by clicking on the link at the membership page or drop by any of the credit union’s branches.

Of course, to prove your eligibility, you need to present the following proofs of identification:

• Photo IDs which include a U.S. passport, an ID card issued by the state, or a driver’s license
• A social security ID which can either be a social security card and/or an insurance card

You must present at least one photo ID and one social security ID to prove your eligibility for the program. Branches of the credit union can be found in Portsmouth, Hanbury, Harbour View, and Elmhurst. The branch hours are also posted online, along with the holidays when the credit union offices are closed.

Despite the attractive deal, Northern Star’s ratings are a little weak. It only scored two stars out of five from Bankrate.com, and three stars out of five from Bauerfinancial.com. This is a little disturbing for a credit union which has been around since 1929. The financial institution is a member of the NCUA, and is insured under Charter #66956.

A money market account is one of the best ways for you to let your money grow in the bank without being locked in for a specific term. It’s important to know what the best money market rates are. If you’re looking for the highest money market rate with the most lenient terms, you should consider Citizens Federal Credit Union’s Money Market Account.

This account allows you to earn 1.20% APY and only requires you to deposit $2,500 a month to open the account and earn interest. The dividend rate is also impressive, at 1.19% every month. Nothing about monthly service fees and fees for check orders are stated in the website, but you may call their hotline to inquire. Just dial 1.800.248.2328 to make your inquiries.

To ease you into the application process, you can download their forms online. If you prefer to apply in person, though, just visit one of their branches. Citizens FCU was established in 1978 to support employees of Webb Airforce Base and their family members. Today, they offer services to a larger population, namely those who are living, working, worshipping, and studying in Borden, Howard, Glassock, Midland, and Martin, Texas.

While the headquarters of the credit union is in Big Spring, Texas, branches are also located in Midland. Make sure that you double-check the rates first before making your trip to the bank. These MMA rates tend to be very fickle, and you only want the best deals in the market.

Citizens Federal Credit Union scored quite well in terms of financial health and safety. However, they did receive mixed star ratings from Bankrate.com (three stars out of five) and BauerFinancial.com (five stars out of five). The credit union is federally insured by NCUA. You can check Charter # 10170 to verify this information.

While scouring the net for the best money market rates, you’ll probably come across Grand Bank’s Premium Money Market Account. This account yields up to 1.50% APY, which is undoubtedly one of the most tempting money market rates you’ll see today. It’s actually rare for anyone to see a money market rate that goes over 1.30% these days, so regardless of the terms that come with this yield, the account is attractive enough.

As in most money market accounts, this one is designed for those who have large funds to shell out. With only six withdrawals allowed per month and a $7,500 minimum deposit to open the account, it will turn off people who spend as much as (if not more than) they make.

Of course, true investors will know the difference between a 1.15% APY and a more impressive 1.50% APY. To earn the interest, you’ll also have to make sure that you have $7,500 in the bank and that your balance never falls below that.

The interest is paid every month for this account. According to the website, and as in most MMAs, you can order an unlimited number of checks. Online access is also free for this account, and just because your balance falls below $7500 doesn’t mean you stop earning money. Apparently, you will still be paid interest for your funds, but the rate falls back to 0.50%, which is the same rate applied to the bank’s Advantage Savings Account.

The six-withdrawals-a-month limit for third parties is imposed by the federal law, so you won’t find anything more competitive than that. If you find this stringent, then another account type might be more beneficial for you. Withdrawals made in person or through mail, though, are not limited by the account. You can make as many transactions as you want without paying for any fees.

Fees will only be applied (a total of $2 per item) if you make more than six third-party withdrawals within the same month. Since there is no online tool posted by the bank for applications, a branch visit is probably necessary to open an account. Branches of Grand Bank can be found across Massachusetts, mainly in Petal, and Hattiesburg.

Just make sure that you check their website for updates first (click on the tab which says “Current Deposit Rates”) so you won’t be wasting any trips to the bank. These rates tend to change every now and then. You would want to get the best deal when you open this account. The bank faired alright in the bank ratings. It received three and a half stars from BauerFinancial.com and three stars from Bankrate.com for soundness and safety.

Grand Bank in Massachusetts was established in 1968. It is FDIC insured under FDCI Certificate #31864. This means to say that it’s safe to deposit $250,000 per account in this bank.

Most money market accounts are high yielding, but they ask for a minimum deposit and balance that’s just too high for most people’s capacities. This isn’t the case with OneWest Bank’s E-Money Market Account. This account lets you earn up to 1.15% APY for a minimum deposit and maintaining balance of $1,000. It has no cap, so you can deposit as much funds as you can.

The high yield is the bank’s way of thanking you for lessening their overhead charges. After all, when you receive your statements online and you transact electronically, you save them a lot of money. For now, the annual percentage yield is a flat 1.15% for all brackets, including funds exceeding $250,000. This is comparably high compared to the bank’s regular money market rates which only go over 1% once the funds reach $50,000.

Expect to pay $7 a month for service fees for this account, though. This is probably the only clincher in the deal, as most MMAs from competitors do not charge monthly service fees. All ATM transactions and online banking transactions from the e-money market account are, of course, for free. You have to be 18 years old or older, and a citizen of the United States of America, to qualify for the account.

Since this is an electronic account, you can apply online. The headquarters of the bank is located in Pasadena, California. If you’re within the U.S. and you’re having difficulty navigating the page, you may call their customer contract service at 1-800-750-8521. There are 73 convenient branches spread across Southern California, but this particular money market account can only be opened online.

While the MMA’s rate seems stable, it’s still advisable for you to check the website for updates before opening an account. OneWest Bank has yet to be rated in Bankrate.com and BauerFinancial.com because it was only established last year. The bank is a member of the FDIC, though, and is insured through FDIC Certificate #58978.