Merit Bank is pushing for their best money market account offering the best interest rates for its 3 tiers. The following are the current money market rates:

$1,000 to $9,999.99        0.51% APY
$10,000 to $24,999.99    1.03% APY
$25,000 and above        1.29% APY

You are required to deposit a minimum of $1,000 to open a money market account. The bank will also require you to maintain a daily balance of $1,000 so that you will no be charge $10 for the service fee. In case you decide to make a withdrawal over the counter, you do not have to worry because you will not be charge of a fee. If it is a money transfer or withdrawal thru a third party, telephone order, or automatic transfer you are only limited up to 6 transactions. In case you exceed the limit you will be charged $10.00 per transfer. The earnings of this money in the bank deal is paid every month. Please remember also that once account is opened the interest rate may change so make sure to ask the bank for their latest numbers.

Consumers who want to take advantage of this best money market account may visit one of the bank’s branch to apply. You may also want to call the bank’s customer service to ask for more detailed information about their best money market account and their current interest rate thru 913-327-1700 or 785-939-2150.

The bank has two branches located in the cities of Overland Park and Goff in the state of Kansas.

Merit Bank has been in business since 1904. The bank has already grown to have over $53.3 million in declared assets and they are also one of the largest bank in the state of Kansas. They are also a member of the Federal Deposit Insurance Corporation with certificate number 4675.