Union Federal Savings Bank in Rhode Island Offers Money Market Account Rates of 3.75% APY
Union Federal Savings Bank makes it easy for anyone to avail of a high yield money market rate with yields of as high as 3.75% APY. The account only requires a $1 initial deposit.
The account allows unlimited funds transfer done in person and follows federal regulations with regard to restrictions on pre-authorized or automatic means.
The money market account also does not charge any monthly fees.
All applications can be done online from any state in the US. Consumers can also read all disclosures related to opening accounts with the bank.
The bank is located in North Providence, Rhode Island and has a declared asset of $647 million. In 2006, the bank was acquired by The First Marblehead Corporation. The BauerFinancial gives it a 4-star rating based on their June 30, 2008 data.
The bank is covered by FDIC certificate # 57189.
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