1.00% APY money market interest rates with Old Harbor Bank
Consumers in Florida has another money market account that gives them a money in the bank opportunity. Old Harbor Bank offers attractive interest rates with their money market account that can be opened with a minimum deposit of $100. The current interest rates are the following:
$10,000 to $24,999 0.50% APY
$25,000 to $49,999 0.50% APY
$50,000 to $99,999 0.85% APY
$100K and over 1.00% APY
The website does not say anything about balance requirements to avoid fees but we are pretty sure that there is a minimum for this. You might want to ask the bank prior to opening an account so you will understand the factors that may affect the earnings of your savings.
This bank also runs interesting promotions with their personal banking products like giving away digital picture frames, dvd players, Kindle, and the works.
Interested consumers can drop by one of their offices to open an account. They have branches in the cities of New Port Richey, Dunedin, Palm Harbor, Clearwater, Trinity, and Belleair Bluffs in Florida.
The bank is struggling a bit when it comes to ratings compared to its peers but your deposits will be covered by the FDIC.
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