Bank of Internet with 1.70% APY for their Money Market Account
Bank of Internet offers their best money market rates at 1.70% APY. This account can be initially funded for as low as $100.
The money market account comes with free checks for the first booklet. Account holders have the privilege to write 3 checks per month.
According to the promo page, the money market account with Bank of Internet does not impose any monthly fees nor does it require any minimum balance.
Another great feature of the account is the 5-year archive of paid checks and statements accessible through their online banking system.
This money market account does not come with an ATM and they also do not have an ACH transfer in place. An alternative for the account holder is to initiate ACH transfers from other banks.
This money in the bank offer appears to be available on all states. An application can also be completed online.
Bank of Internet USA is insured with the FDIC through certificate # 35546. It received 3 stars from Bankrate.com and 4 stars from BauerFinancial.
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