Grand Bank is still pushing for their high earning money market account called Premier Money Market that has a top interest rate of 1.50% APY. This is among the best interest rates you will see for a money market account today when most rates are plummeting.

To enjoy the highest money market rate, you need to put in an initial funding of $7,500 when you open the money market account. You need to maintain this to earn the top money market rates. The earnings are paid on a monthly basis and the account comes with unlimited checks for free. Another perk will be free use of their online banking facility.

In case the account holder fails to stay on the $7,500 mark, the yield will drop to the current interest rates of their Advantage Savings which is at 0.50%.

Like other money market accounts, account holders are only allowed to have six third party transfers or withdrawals from the account. Anything beyond that will cost you $2 for every transaction. You can do unlimited withdrawals in person.

It seems that you need to drop by the branch to open an account since we cannot see any online form that consumers can use. You can call the bank thru their toll free number 1800-300-1467 if you have questions about account opening, interest rates, and if you are within their market.

The interest rates may change any time so be sure to check their website for the latest numbers. Grand Bank is headquartered in Massachusetts

Grand Bank is covered by the FDIC.