1.30% APY Best money market rate with Saddle River Valley Bank
Saddle River Valley Bank invites consumers to take advantage of their best interest rates thru their money market account called Standard Money Market. The bank lets you earn an interest rate of 1.00% APY for balances up to $4,999.99 and 1.30% APY for balance of $5,000 and above.
Consumers who want to take advantage of this money in the bank deal must deposit a minimum of $2,500 to open a money market account. You must also maintain a monthly balance of $2,500 for you not to be charge a $12 maintenance fee. The bank also allows you to make up to 6 withdrawals or transfers per statement cycle. In case you exceed the transaction limit, you will be charged $15 for transaction fee. It seems that you need to visit their branch to open an account. You may call customer service to inquire about their money market account and current rates thru 201-760-0076 or 201-337-7900.
The bank has offices in the cities of Saddler River and Oakland in the state of New Jersey.
Saddle River Valley Bank started providing its services in 2006. They currently have over $88.7 million in declared assets. They are also insured by the Federal Insurance Corporation with certificate number 57936.
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