2.00% APY money market rates with Geddes Federal Savings and Loan Association
Geddes Federal Savings and Loan Association is pushing for their best money market account that has the following current interest rates:
• 1.00% APY $1,000 to $49,999
• 2.00% APY $50,000 or more
You can open this money in the bank deal for a minimum opening deposit of $1,000 to enjoy these money market rates. If you want to grab this money market opportunity you might want to consider putting in at least $50K so you can take advantage of the 2.00% APY which is among the best in the market today.
Gedess is headquartered in Syracuse, New York. They only offer this money market account to consumers who live or businesses that operate within 150 miles from their Syracuse office. This might be too far for those in New York City but I guess it will be okay for those in Albany.
The website does not give out too much detail about the offer. If you want to know more about their products and services you can call them through 1888-468-6281.
The ratings of the bank are very strong. Bankrate.com issued 4 stars upon reviewing their performance using their December 2009 data. BauerFinancial stamped their report for soundness and safety with 5 stars.
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