Heritage Bank in Arizona Offers their Best Money Market at 2.50% APY for $50K Deposit
The Heritage Bank invites consumers to take advantage of their tiered money market account that gives as much as 2.50% for deposits ranging from $50K to $100K. They also have competitive earnings of 2.25% for tiers of $25K, $100K, $250K, and $500K plus. The account requires a minimum deposit of $2500. It seems these are also available as money market account IRAs.
The bank imposes a service charge of $20 every cycle to accounts which fall below the required balance of $2500.
Starting an MMA will give free access to phone banking, online bills payment, and online banking. It also comes with a free ATM or debit card and free electronic statements. The bank allows unlimited in-person withdrawals.
Interested individuals may fill up an application online but need to visit a branch to complete the paper works to formally open the account.
The bank has branches in Tempe and Phoenix Arizona open on weekdays from 9am to 5pm. It is a relatively small, young bank founded in 2006.
Heritage Bank is FDIC insured with certificate # 58416.
