The First East Side Savings Bank is inviting consumers to take advantage of their best money market account rates. They have a tiered structure which gives 3.01% for deposits of at least $100,000. The 2.30% APY for the $25K deposit remains competitive based on the current market environment.

The accounts can be opened with an initial deposit of $2500. Money market account also comes with check writing privileges. The interests are compounded on a daily basis and credited to the account monthly.

An account holder must maintain a minimum balance of $2500 to avoid the collection of a monthly service fee of $10.

Opening a money market account gives one free access to the online banking facility, gold customer service phone line, and optional electronic statement.

The application process is not stated on the bank’s promo page but interested individuals may call their customer service line at 887-734-0900 or drop by at their Tamarac office in Florida.

First East Side Savings Bank has a long company history which dates back to the 1920s. The bank was founded in the East Side Community of Chicago and was based there for 87 years. It moved to its Tamarac, Florida facility in 2007 and converted it into its headquarters after selling their Chicago branch.

The bank is insured with the FDIC since 1938 and has certificate # 28144.