Giantbank.com keeps on offering competitive money market rates despite the recent cut in interest rate. Their money market deal gives 1.46% APY for balances of at least $1000 which is also the minimum requirement to open the account.

Aside from taking advantage of the current interest rates, the money market account comes with free regular checks upon opening. You can keep track of your transactions by checking interim activities online plus the bank will send you a monthly paper statement. The interest of the account is compounded on a daily basis.

Withdrawals and transfers from your money market account is limited to six every month as guided by the federal law. Three of this can be through draft, check, or debit card. It will cost you a $10 fee for every transaction which will go beyond the monthly limit.

Basing on what we see on the website, this money in the bank deal seems to be offered in all states of the U.S. You can use the online application if you are interested to have this money market account. The bank may require you to send them a copy of your driver’s license or any valid identification.

The money market rate that we have here is accurate as of January 5, 2010 but they can be changed any time. You may visit the website to check for the latest numbers. Consumers may also call their customer service line through 877-446-4200.

Giantbank.com is a subsidiary of Landmark Bank which is headquartered in Fort Lauderdale, Florida. Giantbank.com and its mother company is indexed with the FDIC.