Bank 1440 is currently offering attractive interest rates for their personal money market accounts. The money in the bank deal has the following money market rates:

$5,000 to $24,999 0.85% APY

$25,000 to $99,999 0.85% APY

$100K to $249,999 1.10% APY

$250K to $499,999 1.10% APY

$500K and up 1.10% APY

These best money market rates can be enjoyed by opening a money market account with a minimum deposit of $1,000. This is also the balance requirement to enjoy the APY. Remember that these interest rates may change after account opening.

Account holders must stay on the $1,000 deposit line to avoid a monthly service fee of $15.

Like other money market accounts with other banks, this account limits preauthorized withdrawals, telephone transfers, debit card, check, or similar transactions to 6 every statement cycle. You will have to shoulder a $15 fee for every transaction beyond this set limit.

You will be able make unlimited transfers and withdrawals if you do it in person, by mail, by messenger, or you do it via ATM.

This personal money market account gives you free access to the banks bill payment system online and online banking. You also get the first set of checks for free.

You can call Bank 1440 through 623-463-1440 if you want to know more about their products and services. If you want to open an account, you need to drop by their branch. They have offices in Peoria and Phoenix in Arizona.

The bank is a very young institution being established in June of 2007. The bank is listed with the FDIC under certificate number 58460.

By the way, are you wondering where 1440 on their name came from? It is actually the number of minutes in one day (24 hours x 60 minutes = 1440).