The money market rates with Georgia Primary Bank remain to be very competitive. The current interest rates for the different tiers are as follows:

$0 – $9,999.99                 1.45% APY
$10,000 - $24,999.99       1.45% APY
$25,000 - $49,999.99       1.65% APY
$50,000 - $99,999.99       1.95% APY
$100,000 and over           2.30% APY

The money market account does not charge any monthly service fee if you can maintain a minimum balance of $2,500. It will cost you $10 if you fall below this line.

This best money market rate offering is considered a local deal. Interested individuals may visit a branch to open an account. The bank is headquartered in Atlanta, Georgia.

If you are in doubt that the money market interest rates will not last with this bank, you can check out their other deposit products like their certificates of deposit and savings account which also offer good interest rates.

The website does not detail much about this money market account. Like other MMAs in the market, this too is limited to six withdrawals per cycle. If you go beyond the monthly limit, the bank charges $3 for every exceeding transaction. It will be best to ask the bank about fees which may be involved in case you go over the limit plus other charges which may affect the earnings of your deposit. You may contact them through 404-231-4100.

The interest rates that we have here are still posted as of February 14 but they can be changed any time without notice.

Georgia Primary Bank was established at the latter part of 2007 which may also explain the high yield money in the bank deals they are offering at the moment. New banks use the good interest rates to attract more depositors.

The bank seems to be doing well though with bankrate.com giving it a performance rating of 4 stars. BauerFinancial still tags this bank as a start-up.

Georgia Primary Bank is already indexed with the FDIC through certificate number 58523.