People looking for investments in Georgia will be happy to know about the money market accounts that the Atlanta Business Bank is offering. These money market rates are among the best being offered in the state. The bank has a money market account service with two particular rate tiers. Its initial minimum balance deposit starts at $2,500 and this particular rate tier has an Annual Percentage Yield (APY) of 1.26%. The higher rate tier has a minimum balance of $100,000 with an APY of 1.56%. These rates are provided when one applies for these particular services from the bank and can change any time.

There are officially three rate tiers for the money market account. The lowest is $2,500 to $10,000 which has again a stated APY of 1.26%. The second rate tier provides an APY of 1.36% and has a starting minimum of $10,000 and a ceiling of $100,000. The highest rate tier is for $100,000 and up and has an APY of 1.56%.

People can open an account online simply calling 1-866-736-8194. Interested parties may look at their website to check out their online application. They have forms on the site for loans and accounts. Unfortunately the bank only services Georgia locals. The site has a local zip codes which residents can choose in order to have their location verified.

Atlanta Business Bank is a community bank which services the city of Atlanta in Georgia.

This particular bank’s standing is rated moderate to fair. BauerFinancial gives Atlanta Business Bank 2 stars while Bankrate.com gives it 1 star, a very low rating indeed.  Bankrate.com’s rating comes from information available last December 12, 2009. Atlanta Business Bank has been a member of the FDIC since 2002 and has an FDIC number of 57264.