Metro United Bank with money market special earning 2.00% APY
The Metro United Bank is pushing for their competitive money market rate at 2.00% APY for deposits of at least $2,500. This special best money market rate is offered until October 31, 2009.
This interest rate is a special money market promotion which can end any time. It is still posted on the bank’s website. It started last September 8 and is set to end at the end of October. The interest rate is said to revert to the effective numbers for the Metro Business Money Market or the Metro Money Market.
The promo page does not detail the fees which maybe involved with this money in the bank deal. The regular money market account has a service charge of $10 if you fall below the $2,500 minimum balance. They also charge $10 for any transaction in excess of the allowed six withdrawals and transfers every month.
Metro United Bank is headquartered in the City of Industry in California. They have branches in San Francisco, San Mateo, Los Angeles, Irvine, and San Diego.
The bank is insured by the FDIC.
