1.50% APY Money Market Account promo with M&I Bank, offered locally in several states
M&I Bank is still pushing for their best money market rate offered through their Premier Money Market Account. This tiered money market asks for a $25,000 balance so you can get the best interest rate and to avoid the monthly service charges.
Take note though that this money market rates do not have a guarantee. We are not sure if this is just a teaser interest rate which can change any time.
The promo for this money in the bank deal is posted on the websites of local M&I Bank:
• Kansas
• Wisconsin
• Minnesota
• Indiana
• Arizona
• Florida – this one offers a 1.75% money market interest rate
Most of the branches of M&I are located in Wisconsin where they are headquartered. It is a big regional bank wth around $50.2 billion in declared assets.
As of December 2009, the bank does not have the best of approvals for its safety and soundness. Bankrate.com gave it 2 stars while BauerFinancial stamped their performance report with 3 stars.
M&I is a member of the FDIC with certificate number 1020.
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