RateAPY

Receive 1.16% APY with a Zions Bank Money Market Account

Posted by: RateAPY Bank Rates News
March 1st, 2010

Money Market Interest Rates

According to the Zions Bank Web site, the national average interest rate paid on money market accounts was 0.09% APY back on September 3, 2009, when its figures were compiled. Imagine the poor (literally!) people who have their savings in a below-average account.

Zions Bank Offers Better Rates

You can avoid their fate by checking out the Zions Bank Internet money market account, which is currently paying 1.16% APY on balances over $2,500. And you certainly won’t be trading security for that higher interest rate. Not only is the bank FDIC insured, but also, as its Web site points out, there are four other good reasons to trust it with your savings:

• It’s been in business since 1873–that’s more than 135 years
• It has over 125 brick-and-mortar branches
• It’s publicly traded on the NASDAQ (Stock Symbol: ZION)
• It’s a Celent Model Bank for Online Security

Always Compare Deals

The first rule of investing–and borrowing–is to research the market thoroughly before committing to anything. And you can compare money market rates now.