Security Exchange Bank offers an enticing interest rate with their money market account called Investor Money Market. The bank lets you earn an interest rate of 1.05% APY when you open an account and deposit a minimum of $5,000. You are required to have a daily balance of $5,000 to earn this best interest rate.

Federal regulations limit withdrawals or transfers to 6 per statement cycle when initiated by pre-authorized, electronic, or telephone. If you exceed this limit, you will have to shoulder a fee of $8 per transaction. Please be reminded that once you exceed the restrictions on more than an occasional basis, the bank may close your money market account and transfer your money to a checking account.

This best money market account also lets you access your account online, you just need to subscribe to online banking. In addition, you will be able to pay your bills and receive your statement electronically at anytime. Interest rates offered may change once you open your money market account, so make sure to ask the bank for their most current money market rate.

Consumers who want to take advantage of this money market deal may visit one of the bank’s branches to open an account. You just need to bring valid identifications like social security card, passport, state issued ID, or driver’s license and a check to fund your new money market account. Security Exchange Bank has 2 branches located in Marietta, Georgia. If you still have questions with regard to their money market account, current interest rate, or requirements you may call customer service at 770-419-3337 or 678-486-2333.

Security Exchange Bank has been providing wide range of financial service to its customers since 2000. It is a small bank which has reached $173 million in declared assets. The bank is a member of the Federal Deposit Insurance Corporation which has a certificate number 35299.