Heritage Bank of Florida offers competitive money market rates through their Heritage Legacy Money Market Account. The current interest rates are posted on the bank’s website as of January 6, 2010:

The minimum amount to open the money market account is $1,000 and it is also the daily average you have to maintain to earn the disclosed annual percentage yield. It will be wise to stay on or above the $2,500 to avoid a monthly maintenance fee of $10.

By-mail or in-person transactions are unlimited. Third party checks are limited to six per month as regulated by law.

You can monitor your account through different means like phone banking, online banking, and electronic statements. Account holders can also use the bills payment system of the bank.

We cannot find an online application on the website so it seems a branch visit is necessary to open an account. You may want to ask more about the products and services of the bank before signing up for anything. You can call them through 813-909-0944. Don’t forget to ask about how the earnings are computed, means of funding the money market account, and other factors which may affect your savings.

Heritage Bank has branches in Tampa, Wesley Chapel, and Lutz in Florida. The bank is a relatively a small bank which was established in 1999. It is covered by the FDIC.