RateAPY

Ridgestone Bank’s Momentum Savings Account at 2.50% APY

Posted by: RateAPY Bank Rates News
February 19th, 2010

Many American families have refocused their attention on saving money this year. While they are happy to see low interest rates on mortgage loans and other debt, they are less enthusiastic about low rates on their savings accounts. Recently, some banks have been increasing their interest rates on savings accounts.

Ridgestone Bank’s Momentum Savings and Checking Account currently earns account holders 2.50% APY (a 2.47% interest rate) on balances of $2,500 to $49,999. Balances of $2,499 and under earn .25% APY, while those with $50,000 and more earn 1.00% APY.

Momentum Savings and Checking Account requirements include:

• Opening a new Momentum Savings Account with at least $100
• Opening a new Momentum Checking Account with no minimum required
• Completing eight transactions per statement cycle on your checking account
• Seting up an automatic monthly transfer from checking to savings of at least $100

Comparing savings account bank deals, interest rates, fees, and minimum deposit requirements can be the fastest way to boost your savings.