1.00% High yield money market account offered by
newdominionDIRECT.com offers a money market account that has a current interest rate of 1.00% APY. This might not be too attractive to look at but this is very competitive with the current market conditions. This money market rate has an effective date of October 6, 2010 but can be changed any time.
Here are some important details from the info page of the money market account :
· Requires a $3,000 opening deposit
· It is advisable to maintain a daily balance of at least $3,000 or an average daily balance of $5,000 to avoid a monthly service fee of $15
· Limited to six third party debits every month
Some other perks when you open this money market account include free debit/ATM card, online banking, and online statements. You can also setup a direct deposit.
You may want to ask the bank for any other fees involved which may affect the earnings of this money in the bank deal.
Interested consumers can make use of an online application to open an account. You can ask for more information through 800-592-6248. The bank has branches in North Carolina, specifically in Chapel Hill, Mooresville, and in Charlotte.
newdominionDIRECT.com operates under the umbrella of NewDominion Bank. The bank is insured by the FDIC.
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