Academy Online Banking System December 2012
In this Academy Online Banking System December 2012 review the options you have in the category of money market accounts with this Colorado based bank will be presented. With this information you can then decide if investing your money with them is right for your financial future.
The Academy Bank Money Market rates are set up in a tiered format. The minimum balance amounts are $0.01, $25,000, $50,000, $100,000, $250,000 and $1,000,000. The corresponding APYs are 0.10%, 0.15%, 0.20%, 0.25%, 0.30% and 0.40%.
There is no mention of a minimum deposit to open the MMA. To avoid the monthly service fee a monthly average balance of $5000 must be obtained or a daily minimum balance of $1,000. The interest in this type of account is compounded and accredited to the account on a monthly basis.
With this account you will have free access to the Academy electronic banking services. This is similar to what other online banks are offering. This is what makes it easy for you to view your account balance, recent transactional history and all checks that have been cleared by the bank.
You will also have limited access to the electronic money management programs from Academy Bank. This limitation is that only 6 transactions are permitted each month. If you exceed this amount, then each additional transaction will have the account assessed a penalty fee of $10. This limitation is set by US federal regulations.
The Academy Bank rates were posted on December 11, 2012, but are subject to change without any prior notice.
For additional resources involving financial help, please view HSBC Online Banking System December 2012 on this website.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
For up to the date information on the Academy Bank CD rates, please visit Best CD Rates Today.