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Earn 2.25% APY with the EverBank Yield Pledge Money Market Account
Posted by: RateAPY Bank Rates News
June 8th, 2010
As interest rates rise and fall, consumers do their best to find an account where they can safely keep their savings while earning the maximum in interest. A money market account is a popular option for savings, since accountholders are allowed to withdraw funds six times during each statement period without a penalty.
Money Market Account from EverBank Promises Top Earnings
The EverBank Yield Pledge Money Market Account promises customers to keep the earnings on the account within the top 5% of competitive accounts of leading banks. Special incentives are available for new EverBank customers, including an APY of 2.25% during the first three months that the account is open.
EverBank’s Yield Pledge Money Market Account requires an initial deposit of $1,500 and monthly fees are charged only when the balance falls below $5,000. Currently, an APY of 1.51% applies during the first year for accounts with a balance up to $50,000. The current rate for all other balances is 1.26% APY.
Comparing money market accounts online can yield the highest interest rates and the lowest fees.
- Posted in Bank Deals | Bank News | Interest Rates | Money Market | Savings
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