Old Town Bank provides the best interest rate money market account. The bank lets you earn an interest rate of 1.30% APY for balances of $10,000 and above.

This money in the bank requires an initial funding of at least $100 to open an account. You are also required to maintain a minimum daily balance of $1,500 to earn this best interest rate. In case your balance goes below $1,500 you will be charged a maintenance fee of $20 for that month.

The good thing about this money market deal is that bank allows you to make online bill payment for free. The bank also allows you to manage your money market account through their internet banking and access your electronic bank statement for free.

Individuals who want to take advantage of this best money market rate may visit one of the banks office near your location to apply. You may also call their customer service line if you have questions or concerns with regards to their current interest rates or other information on their money market account thru 888-456-3006.

Old Town Bank is headquartered in 2045 South Main Street, Waynesville, North Carolina 28786.

The bank started operating back in 2007. Currently, they already have over $87 million in assets. They are also insured with Federal Deposit Insurance Corpoaration with certificate number 58561.