The top money market rates offered by Evantage Bank remains very attractive topping off at 2.00% APY for balances through $35,000. Deposits above $35K earns 1.00% APY. These best interest rates are offered as their Mega Money Market account.

This money market account is also limited to six pre-authorized withdrawals every cycle. You will incur a $5 fee for every transaction over the limit.

Some of the perks coming with this money in the bank deal are free MasterCard CheckCard, access to online banking, and overdraft privileges.

According to the small print of the promo page, the money market account will not cost you any monthly fees. The bank also does not require any minimum balance.

Consumers who want to open a money market account can open an account online. The bank limits one account per household. Most applications get result almost instantly as long as you supply the needed information. The process may be delayed in case the bank needs to confirm your identity. The entire application process may take one week to about 10 business days.

Initial funding can be done by wire, electronic transfer, or by mailing in a check. The bank may perform trial deposits to confirm that you are the owner of the account if you are transferring money from an existing account with another bank.

Evantage operates as the online division of Southwest State Bank headquartered in Mustang, Oklahoma. They have been in the banking business since 1911. You can contact the bank via their hotline at 1888-210-1868.