Everbank Offers 3-month Special Bonus Money Market Rate at 2.51%
The Everbank through their Yield Pledge Money Market account offers a bonus rate of 3.51% for new money market account holders for their first three months. The first year APY is 2.16%.
The bonus rate is offered for the first $50000 of the account but the 2.16% APY represents the total annual yield. The bonus best money market rate is combined with the 9 months of current rates to get the yearly gain of the account.
Interested individuals can open this money market account for a minimum deposit of $1500. A service charge of $4.95 is collected if the balance of the money market account drops below the $1500 requirement.
This account comes with free online banking.
Everbank is one of the larger online banks with a good asset base of around $6 billion.
The bank is insured with the FDIC through certificate # 34775.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
THIS IS A MISTAKE. THE ARTICLE MENTIONS THAT THE BONUS RATE IS 3.51%, BUT IT IS ACTUALLY 2.51%.
Comment by Joe — May 14, 2009 @ 12:44 pm