Collin Bank in Texas offers Money Market Account starting at 1.61% APY and as high as 3.81% APY
Collin Bank invites consumers to take advantage of their best interest rates for their money market account programs. The money in the bank deal can be classified into regular money market account or preferred money market account.
The regular money market account has the following tiers:
$2,500 to $10K 1.61%APY
$10K to $25K 1.76% APY
$25K to $50K 2.07% APY
$50K and Up 2.27% APY
There is also the preferred money market program which has the following scheme:
$10K to $50K 2.02% APY
$50K to $250K 2.32% APY
$250K to $500K 2.78% APT
$500K to $1 M 3.04% APY
$1 M to $2 M 3.35% APY
$2 M and Up 3.81% APY
The website of the bank does not detail the requirements of the application and it seems a bank visit may be necessary to open the account. The bank is located in Frisco, Texas which is just approximately 30 miles up north of Dallas.
Collin Bank was just established in 2008. BauerFinancial and Bankrate.com still do not have reviews about its performance, soundness, and safety.
The bank is insured with the FDIC through certificate # 58610.
