Intervest National Bank has competitive money market offerings starting with 1.75% APY for balances of $2500 to $25K, 1.80% APY for $25K to $50K, 1.85% APY for $50K to $100K, and 1.88% APY for balances above $100K.

Opening the account requires a minimum deposit of $1000. The top money market rates can be received with a minimum balance of $2500. The earnings are compounded on a daily basis and credited monthly. Consumers who want to open an account can send in their accomplished forms together with copies of their IDs.

Account holders must make sure to stay on or above the $2500 balance to avoid a monthly service charge of $12. The money market deal comes with a limited checking privilege. The checks are not free unless you are older than 55 years of age. ATM transactions are charged if the consumer will use a non-Intervest ATM.

One downside of this MMA is not having an ACH facility to do bank to bank transfers. Again, what you can do is initiate the transfer from your other bank.

Other means of funding the account can be done thru mail or via wire transfer. The incoming wire transfers cost $10 each while outgoing funds are charged $15.

Account holders can also name up to four beneficiaries for the money market account.

So far, Intervest is performing with bankrate.com giving it 3 stars and BauerFinancial issuing 3.5 stars.

The bank is insured with the FDIC with certificate number 35011.