Giantbank.com invites consumers to take advantage of their money market account which has current interest rates at 1.66% APY. The required initial deposit is $1000 to enjoy their best money market rates.

The money market account comes with limited check writing privileges with the first set of checks issued to the account holder for free. Paper statements are mailed on a monthly basis but account holders may opt to check them online. The earnings are compounded on a monthly basis.

Like other money market accounts, transactions are limited to six times with a cap of 3 for debit card, check, or draft. A $10 service charge will be collected for every transaction going beyond the set limits.

It appears that this money in the bank deal is good for people from all states. An online application is available on their website. The bank will require applicants to send in copies of their valid identification.

The rates that we have here is accurate as of 25 July but this may change any time without notice. It will be best to call the bank or check the updated rates on their website before signing up for anything. You may also call 877-446-4200 to talk to one of their customer service representative.

Giantbank.com was established in 1999 and operates under the umbrella of Landmark Bank which is based in Fort Lauderdale in Florida.

The bank is insured with the FDIC. It also has a good rating from bankrate.com which gave it 3 stars.