1.01% APY Best money market rate with Millennium Bank
Millennium Bank continues to offer attractive interest rate for their money market account called Premier Money Market. This money market deal is tiered and has the following current interest rates:
- $1,000 to $4,999 0.50% APY
- $5,000 to $9,999 0.70% APY
- $10,000 to $19,999 0.85% APY
- $20,000 and above 1.01% APY
Individuals who wants to take advantage of this money market rate will be required to make a minimum deposit of $1,000 to open an account. You will also be required to maintain an average daily balance of $1,000 or more to earn this best money market rate at the same time to avoid their monthly service charge worth $10. The interest rate earned on your money market account is compounded and paid every month.
Under the federal regulations, you are only allowed to make up to 6 transfers or withdrawals by means of check, automated transfer, pre-authorized, or phone transfer. A service fee of $3 may be charge for every transfers or withdrawals you make when you have already exceed the limitations. Please be reminded that the current interest rates are subject to change without prior notice.
The bank allows you to access your account using their free online banking with bill payment and view your electronic bank statement. In case you do not have access online, you can use their free phone banking or another option is to visit one of the bank’s office near you.
It appears that a branch visit is required in order to open an account. You need to provide valid picture ID with your current address listed on it which includes driver’s license, social security card, or state issued ID. You can get detailed information about their money market account and requirements by calling their customer service line at 785-761-2265.
Millennium Bank headquartered in Junction City, Kansas which was established in 2007. All deposit accounts are insured up to $250,000 with the Federal Deposit Insurance Corporation and has a certificate number 58466.












