1.05% APY Best money market rate with My Banking Direct
My Banking Direct is still providing an attractive interest rate for their money market account. You can earn an interest rate of up to 1.05% APY when you open an account. You meed to make an initial deposit of $5,000 to open this best money market account. You must maintain at least $1,000 on your money market account to avoid the monthly service fee.
This money market deal is a tiered rate account. For you to earn the highest interest rate offered by the bank which is 1.05% APY, you must maintain an average daily balance of $5,000 or more. If your balance goes below $5,000, you will earn an interest rate of 0.25% APY. Please note that it is the discretion of the bank when to change the interest rate offered.