Best Money Market Rates with Resurgens Bank at 2.60% APY

Consumers living in Atlanta or Central DeKalb in Georgia have a reason to put their money in the bank with the current money market rates being offered by Resurgens Bank which gives a best interest rate of 2.60% APY for balances through $50,000 and up.

This money in the bank deal has a tiered structuring and they offer quite an attractive money market interest rate:

  • Tier 1 $0-$10K 2.00% APY
  • Tier 2 $10K-$50K 2.10% APY
  • Tier 3 $50K and over 2.60% APY
  • Unfortunately this is just a local deal, so if you are living in the market area of Resurgens Bank, this is a money market deal you should grab. It only takes $100 to open an account. It appears applicants are required to drop by their office to apply for this money market account.

    You can avoid the monthly service fee of $10 if you maintain a daily average balance of $2500. This does not really matter if you can maintain a $50K deposit or more since you will be enjoying more than double of the current national money market interest rate average of 1.20% APY.

    Like other money market account, Resurgens, as required by law limits account holders to 6 transfers per month. They charge $10 for each excess transaction. The first booklet of check comes for free.

    The interest rate that we have here is accurate as of September 2 and may change any time. It will be best to check out the bank’s website or contact their customer service line through 404-297-2200 to get the latest interest rate.

    Resurgens Bank is listed with the FDIC.

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    Posted on 9th September 2009 by admin in Money Market Rates

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