Flagstar Bank pushes for their Express Money Market account with a good money market rate of 2.40% APY. This rate is offered to all tiers of balances.

Consumers can enjoy some advantages with this one compared to the one offered by GMAC or Zion. The money market account with Flagstar comes with check writing privileges and free checks for life. It also does not impose any minimum balance requirements.

Other perks include free use of ATM at Presto! And Allpoint outlets. The bank will also give you paid postage envelop for your deposits. The money market account can also be funded through free wire or by sending in a check.

After the initial funding, ACH transfers charge $20 for outbound and $10 for inbound. The ACH transfer system will be available upon establishment of the account.

Application for this money market account can be accomplished online. The bank will ask the consumer to send in a signature card. Beneficiaries of the account can also be declared upon application.

The only downside of this account is the ACH transfer limit. Next day premium ACH transfer initiated through Flagstar is capped at $2K/day or $5K/month. The standard ACH transfers which takes 3 days to complete has a ceiling of $15K/day and $25K/month.

You may want to call the bank to verify if the credit pull they do with Transunion is a soft or hard pull. It will also be wise to check on their current money market rate since this can change any time.

Flagstar bank has offices in Georgia, Indiana, and Michigan.