1.25% APY Best money market interest rate with S-Bank
If you are thinking of money in the bank moves then you can count on the money market account being offered by S-Bank. You need at least $2,500 to set aside in order to open this money market account. The current interest rates are the following:
$10 0.25% APY
$10,000 0.50% APY
$35,000 0.75% APY
$75,000 1.25% APY
Basically, you can enjoy the highest interest rates when you try to keep your balance on the higher tier lines. By the way, this is a local money market offering.
Take note that like other money market deals, this one also limits transfer of funds to another bank account or to a third party by automatic, computer, pre-authorized, or telphone transfers to six every month. You may want to ask about the fees involve when you go beyond this limit since it is not stated on the bank’s website.
Consumers can accomplish an online application form. If you have questions with regard to account opening you can call 1800-695-1300.
The bank has branches in East Bridgewater, Weymouth, Hanover, and Quincy in Massachusetts.
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