2.00% APY money market interest rate guaranteed until 31 December 2010 with Metropolitan National Bank
The Metropolitan National Bank based in New York City offers their best money market rate for a money market promo which started last March 22. The guaranteed money market interest rate is 2.00% APY.
The minimum balance to enjoy the best interest rate is $2,500. The money market special is not anywhere on the bank’s website but we were able to confirm with the bank about this money in the bank deal.
This special money market account is only available through their branches. Take note that you need to maintain a minimum balance of $500 so you also avoid a monthly service fee of $9.
Metropolitan National Bank has branches around New York City. The customer service representative we spoke with is not sure up to when this money market deal will last. It will be wise to call the bank to check.
The bank’s financial rating is a bit weak. It has 3 stars for soundness and safety from BauerFinancial and 2 stars from bankrate.com for performance. The bank is covered by the FDIC with certificate number 34699.
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