The EarthStar Bank invites consumers to take advantage of their high interest money market account that pays us much as 2.50% APY for minimum deposits of $100,000. Other tiers earns 2.40% APY for $75K deposit and 2.05% APY for $25K deposit. This is a tiered MMA and only requires a minimum deposit of $100 to open.

There is a maintaining balance requirement of $100 to avoid the monthly service charge of $5. This fee is waived for custodial account and senior citizens.

The interest is paid on a monthly basis for balances of $1 or more.

Like the other MMAs in the market, this account is regulated by federal guidelines. It limits your withdrawal from the account to six times per statement cycle.

Applications can be initiated online. The bank is required to ask for proof of identities. The online application will be processed within 48 hours upon receipt and the bank will be mailing the applicant signature cards and other instructions to complete the process.

If you want to drop by any branch, they have offices spread across Pennsylvania specifically in Philadelphia and Southampton.

Earthstar Bank is a young institution established in 2001. The primary concept is to blend the services of a community bank with modern day convenience like internet banking.

The bank is a member of the FDIC. The rate may change any time as they have been dropping lately. It will be wise to call the bank to confirm the on going rates for their money market accounts and other investment channels.