Top Money Market Accounts 2010
Today, we here at Online Banks Blog are going to look at money market account offers and show you the best money market accounts available right now and (hopefully) through the rest of 2010. Of course, this is a constantly changing market, so we can’t make any promises as to accuracy for our predictions.
People want to know about top money market accounts as it will enable them to invest in the best Certificates of Deposit and other investment options. Following is a list of money market accounts that offer the best yields and thus offer greater chances of investment returns.
In the best money market accounts and in the savings category, Colorado Federal Savings Bank takes the lead in APY. It is currently offering an APY of 1.70% for a minimum deposit of $2,500. San Diego, California-based Bank of Internet USA offers an APY of 1.65% for a minimum deposit of $500. Capital One Direct Banking offers an APY of 1.55% on a minimum deposit of $2,500.
American Express Bank FSB offers an APY of 1.50% and does not have any minimum deposit requirement. Ultima Bank Minnesota also offers the same APY but does have a minimum deposit requirement of $1,000. Dollar Savings Direct offers the same APY with a minimum deposit requirement of $1,000.
In the actual money market category, Bank of Internet USA offers the best APY of 1.60% for a minimum investment of $100. New York-based Dollar Savings Direct offers an APY of 1.50% with a minimum deposit of $1,000. Ally Bank does not have any minimum deposit requirement and offers an APY of 1.49%.
Fort Lauderdale, Miami-based giantbank.com offers money market investment options with an APY of 1.41% and a minimum deposit of $1,000. AIG Bank offers an APY of 1.31% with a minimum deposit of $10,000.
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