1.15% APY highest interest rates for money market account with Jacksonville Bank
Jacksonville Bank has some attractive interest rates for their personal money market account. You need at least $2,500 to open this account and to earn some interest. Here is how the money in bank is structured:
$10K to $24,999 0.25% APY
$25K to $74,999 0.40% APY
$75K to $149,999 1.00% APY
$150K and up 1.15% APY
In order to avoid a monthly service fee you need to stay at the $2,500 line for your daily balance or at least maintain a monthly average of $5,000. You will have to shoulder $10 if you drop below these set minimum.
This money market account allows 6 free debit transactions per month with a max of three checks, drafts, or other third party orders. Any transaction going beyond the limit set by federal law will cost the account holder $5.
Some perks of this money market account include free use of the online banking system, free imaged checks and bank statements, and notary service.
Jacksonville Bank is based in Jacksonville, Florida. You can call the bank through 904-4213040 or drop by one of their branches to open an account.
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