The Atlantic Coast Bank invites consumers to take advantage of their competitive money market rates offered through their iMoney Market Account:

$2,500 - $9,999 1.05% APY
$10,000 - $24,999 1.20% APY
$25,000 - $49,999 1.40% APY
$50,000 - $74,999 1.45% APY
$75,000 - $99,999 1.50% APY
$100K+ 1.60% APY

The best money market rates are still posted on the bank’s website as of January 5, 2010. You can also apply online if you want to enjoy these highest interest rates.

The online application states that all residents of the United States may apply. This means that you must be either a US citizen or you are a resident alien.

Atlantic Coast Bank is headquartered in Northern Florida and Southern Georgia but we were informed that this money in the bank deal is being offered nationwide.

Aside from the attractive money market deals consumers must also check out the interest rates for the checking account and certificates of deposit.

You may call 1800-342-2824 if you need to ask for the details with regard to the account opening, funding, and fees of their products.

The financial rating of the bank dropped over the last year. Bankrate.com issued 1 star and BauerFinancial stamped their soundness and safety report with 2 stars. These evaluations were based on their June 2009 data.

The interest rates might be a good way to boost deposits but remember that as a consumer you must stay within the limits of the FDIC. Atlantic Coast Bank is indexed with the FDCI through certificate number 45826.