Kaiser Federal Bank offers Tiered Money Market Accounts Earning as High as 2.50% APY
The Kaiser Federal Bank still offers their best money market account rates for different tiers. Their Money Market Saver V gives 2.50% APY for a minimum balance of $75K. Other competitive rates are for MMS III at 2.00% for a $30K deposit, MMS IV with gain of 2.2o% APY, and MMS IV plus at 2.40% APY for a deposit of $50K.
A money market account can be opened for as low as $1000. The details of the account are not posted on the bank’s promo page.
The interest rates are accurate as of January 28. It will be safe to call the bank to verify their on going rates since they can change any time.
Applications can be initiated online and the bank will send bank some documents to complete. Interested individuals may also visit their branches located across California particularly in Bellflower, Covina, Fontana, Harbor City, Los Angeles, Pasadena, Riverside, and Santa Clara.
Kaiser Federal Bank evolved into its current state as a financial institution from a credit union founded in 1953.
It operates under the coverage of the FDIC since 1999 and has certificate # 355448.
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