1.10% APY for money market account with Aurora Bank FSB in New Jersey
Aurora Bank FSB offers a money market account with very competitive interest rates. It requires at least a balance of $1,000 to earn the published interest rate and avoid a monthly service fee. This money in the bank is offered in the following tiers:
$1,000 to $7,499.99 0.97% APY
$7,500 to $24,999.99 0.97% APY
$25,000 and over 0.97% APY
$100,000 and over 1.10% APY
The current interest rates are compounded on a daily basis and posted every month. Money market accounts work like your savings account except that you will have check writing privileges. It can also be linked to certain accounts so you can have overdraft protection.
You can apply for this money market account online. Take note that like other money market accounts, your limited to six withdrawals per month.
Aurora Bank has a branch in New Jersey City. Call them through 888-522-9295 if you have questions with regard to their consumer banking deals.
Bankrate.com stamped their report four stars for soundness and safety of this bank based on the second half data of 2010.
Aurora Bank FSB is FDIC insured.
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