Money Market rates with New Albin Bank in Iowa at 2.02% APY
The New Albin Bank still offers their best money market rate of 2.02% APY. This top money market interest rate can be enjoyed by deposits which have a balance of at least $2,500. Any account which falls below the balance mark, the earnings drop to 0.50% APY.
The current interest rate for this money in the bank deal is one of the best in Iowa. It seems that a bank visit is necessary if you want to open an account. Their only office is located along the Main Street in New Albin. They accept inquiries about their products via email or you can also call their customer service line at 563-544-42-14.
The website of the bank does not detail the withdrawal limitations and other fees which affect your earnings. It will be best to contact them to know about these and also inquire about the latest interest rates. The money market rates that we have here are effective as of September 15 but they may change any time.
New Albin is a small bank but the interest rates they offer are pretty competitive. They have been in the business since the early 1900s. The bank is covered by the FDIC.
