Zions Bank still pushes for their money market offering which gives 1.35% APY on all balance tiers. The best money market rate may have dropped a bit but it remains very competitive in the current market condition. This comes with check writing privileges.

The current money market rates are effective as of October 26 but may be changed any time without notice. Earnings of the account are compounded on a daily basis and credited to the account every month.

This money market deal requires an initial funding of at least $1000. The account must be at least on the $2,500 line to start earning some interest. Take note that the interest rate may vary after account opening.

The bank allows an unlimited number of withdrawals made in person from any ATM machine, by mail, or messenger. Like other money market accounts, this one limits pre-authorized transfers, internet transfer, automatic transfer or phone transfer to six transactions every monthly cycle. Three of these can be telephone transfers. The bank charges $3 for every telephone transfer done in excess of the set limit. It also collects a $5 charge when you take out funds over the teller window.

According to the fine prints, the bank does not collect any service fees nor do they collect ATM fees.

Interested consumers can complete an application online or call their customer service line at 1-866-761-8349 to inquire for details about this money market product. Funding of the account can be done via electronic transfer from your other bank accounts or by sending a check via mail. Trial deposits and withdrawals are done by the bank when you enroll for internet banking to verify that you are really the account owner.

Zions Bank operates as an arm of the Zions Bancorporation that operates in Texas, Utah, Washington, California, Arizona, Oregon, Idaho, Nevada, Colorado, and Mexico.

The main office of the bank is in Salt Lake City, Utah. All deposits with Zions Bank are covered by its membership with the FDIC.