1.25% APY best money market interest rate with Carver Federal Savings Bank in New York
Carver Federal Savings Bank offers attractive interest rate for their money market offerings. The Premier Money Market requires an opening deposit of at least $25,000 and has the following tiers:
$0 to $9,999.99 0.50% APY
$10,000 to $24,999.99 0.90% APY
$25,000 to $49,999.99 1.25% APY
$50,000 or more 1.25% APY
The website does not detail much about this money in the bank offer. There are no online applications so we suggest that you drop by one of their branches in inquire and open an account.
You may want to call them first to ask if you are living within their market area because we are assuming this is a local money market deal in New York. You can reach them through 718-230-2900 and ask about the details of their money market accounts. You may also ask them about the fees and other factors which may affect the earnings of your deposit.
Carver Federal Savings Bank has been operating since 1948. The bank is considered as the largest African American operated bank in the U.S. It has several branches in New York, New York , Manhattan, Queens, and in Brooklyn.
The bank is registered with the FDIC.
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