ADB Bank Push for High Interest Money Market Accounts with 3.15% APY
The ADB Bank is still offering their Direct Wealth Money Market Account which gains 3.15% APY. The account does not require any monthly minimum balance. It also has check writing privileges.
The bank does not collect any monthly services fees and include some other perks like free online banking, online bills payment, free first check order, and free check imaging.
The rate is on the bank’s promo page and is accurate as of 29 January 2009. This rate may change any time. As a wise depositor, call the bank before signing anything to verify their rates.
Application for this account can be started online. The bank’s client services will be calling the account holder upon receipt of the application and give instructions for the funding of the MMA.
If you are not comfortable doing it online, the bank also has a customer service line that can accept your application.
The ADB Bank operates under the umbrella of Allegiance Direct which is an insurance premium finance company established in 2001. The ADB Bank business was formally launched in 2005.
They are headquartered in Cedar City in Utah. This bank is insured by the FDIC.
