Elkhorn Valley Bank and Trust headquartered in Nebraska has a good money in the bank deal for its consumers in the form of their money market account. The money market rates are very competitive and structured in the following manner:

$0 to $2,499                 1.00% APY

$25,000 to $49,999      1.25% APY

$50,000 to $74,999      1.50% APY

$75,000 to $99,999      1.60% APY

$100K and over             1.70% APY

These interest rates has an effectivity date of April thru 13 but they can be changed by the bank without notice. Make sure that you have the current interest rates info before signing up for anything. This money market account compounds interests daily and pays earnings on a monthly basis.

The minimum opening deposit required for this money market account is $2,500. This is also the daily balance you need to maintain to avoid any service fee of $5. Another way out of the monthly service charge is if you have at least a total daily balance of $5,000 for your Savings, Certificate of Deposit, money market, and checking account in each day within the statement cycle.

Interested individuals may go to one of their branches to open an account. Elkhorn Valley Bank and Trust has offices in Norfolk, Hoskins, and Pierce in Nebraska. You can also call them via 402-371-0722 if you have questions with regard to their products and services. This is a local money market offering.

Elkhorn Valley Bank and Trust was formed in 1997 with the merging of the Commercial State Bank in Hoskins and the Elkhorn Valley Bank.

Deposits with Elkhorn Valley bank and Trust are covered by an FDIC insurance.