Best Bank Rates 2009 – Money Market Accounts
The Best Bank Rates 2009 Money Market Accounts for September 2009 have to include Quantum National Bank out of Georgia. They presently have an APY of 2.00% with a $100,000 deposit. One big restriction is that only residents of the state of Georgia can open an account. This is not a common restriction but does occur on occasion.
First East Side Savings Bank Also has a money market account with a 2.00% APY and the same $100,000 deposit but no restriction of residency. Excel National Bank has an account with a 2.00% APY but the deposit is $250,000.
For banks that have accounts for people that will give a decent return and not require a six digit deposit there is Ally Bank out of Midvale, Utah. They are presently reporting the highest APY at 1.75% with no minimum deposit or monthly service fee. WTDirect out of Wilmington Delaware has a money market account with an APY of 1.66% with a $10,000 deposit but no monthly service fee. E-Loan from Pleasanton, California presently has an APY of 1.55% with a $5,000 deposit and no monthly service fee. FNBO of Omaha, Nebraska has an APY of 1.50% but the deposit is $1.
When looking for the best bank rates 2009, money market accounts are an option if you shop around and look at what is available. Just below 2.0% APY is the best bank rates for what most working Americans can afford. Placing a deposit of over $100,000 is out of reach for most.
Random Posts
Comments
One Comment on Best Bank Rates 2009 – Money Market Accounts
-
George S Alarcon on
Mon, 14th Sep 2009 8:55 pm
I think there are better ways to get a higher return on your money than using banks. If you invest in a sound venture, your return can be much higher for the same amount that you would otherwise place in a bank account. For example, a venture that pays at least 10% of your total investment would earn you a substantial 8% more than depositing your money in a bank account with a return of only 2%.
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
