The best money market rates may have fallen but UmbrellaBank’s Pot O’ Gold

remains very competitive offering consumers 1.80% APY for balances of more than $1000 while giving 1.85% APY for accounts with $50K or more.

Aside from enjoying the best money market rate, account holders will have check writing and ATM privileges. ATM cards can be issued upon request though every transaction will be charged $1.

Interested parties can apply using their secured online platform. Be sure to inquire about the rates since they may change any time. The rates posted here are accurate as of June 17.

Consumers may want to maintain the required $1000 minimum daily balance to avoid a monthly fee of $10. Interest is credited to the account every 10th of the month.

Account holders can check their transactions by getting an online statement or by downloading their account history from the website of the bank.

Like other money market accounts, this one is also limited to 6 non-ATM transfers per cycle. If you go beyond this limit, you will be charged $10 per transaction.

Umbrella Bank operates as an online division of the New South Federal Savings Bank headquartered in Alabama. The mother company is insured with the FDIC with certificate # 32276. The bank is not performing that well so it will be wise to stay within the limits of the FDIC.