It is very difficult nowadays to find a good interest rate for a money market account. It seems SunTrust Bank is going against the tides as they offer a real money in the bank deal with their Advantage Money Market promo with a current APY of 1.40% for their existing personal checking account clients.

When you open this high yield money market account with SunTrust, your money will be getting 1040% APY which is about 3x the average earnings of a money market account across the country at 0.55%

Now how do you get this great interest rate working for you. It does not need much effort, interest individuals can open the money market account at the bank with an initial deposit of at least $100. When account holders decide to keep their account balance low, the promo rate of 1.40% APY will only be in effect for the first 3 months. Your APY stays on the 1.40% line if you decide to put in funds above $9,999 mark. The rate will drop to 0.50% in case you decide to stay below that level after the promo period.

There is an online application that you can click on when you visit the bank’s website. You may also call them via 800.SUNTRUST for any inquiries about their products and services. The interest rates that we have here may be changed by the bank any time without notice. Please consult the bank for the latest figures before signing up for anything.

This money market account is subject to withdrawal limitations and fees when you go over certain limits. There is also a $15 fee in case you fall below the required balance on a cycle.

SunTrust Bank is a big financial institution headquartered in Atlanta, Georgia. They operate around 1,700 branches and offices across the southeastern portion of the U.S. The bank is a member of the FDIC.