1.27% APY best money market rates with Massena Savings and Loan
Massena Savings and Loan headquartered in New York offers attractive money market interest rates:
$2,500 to $24,999.99 1.02% APY
$25,000 and more 1.27% APY
This best money market rates can be enjoyed by opening an account with a minimum deposit of $2,500. This is also the amount you need to maintain so you can obtain the declared annual percentage yield. This is a variable rate account so the money market may be changed every first day of the month depending on the prevailing market rates.
The earnings are compounded on a monthly basis and credited on the last business day of every month. The earned interest will be paid in case you decide to close the account before the end of the month which is a good deal compared to other banks.
You may want to check on the bank first for the current interest rates before rushing into one of their branches to apply. You can call them thru 315-764-0541. The bank has branches in Waddington and Massena which are on the northern portion of the state of New York.
The bank is registered with the FDIC.
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