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Zions Bank Money Market Account at 1.11 percent APY
Posted by: RateAPY Bank Rates News
October 27th, 2010
Individuals interested in building their savings funds are sometimes frustrated by low interest rates. While these low rates are helpful to borrowers, savers would prefer higher interest rates. One option, once they have saved enough to meet the minimum balance requirement, is to shift funds into a money market account. Money market accounts often pay higher interest rates than traditional passbook savings accounts. Account holders are restricted to six withdrawals per month, which makes these accounts ideal for savings.
Zions Bank, started in 1873 in Utah, has entered into 21st century competition with their online accounts available to customers outside their branch locations. The bank does not charge fees and offers competitive rates for the savings accounts and money market accounts. All deposit accounts at Zions Bank are FDIC insured to the maximum limit of $250,000 per depositor.
Zions Bank featured money market account
Zions Bank currently offers an APY of 1.11 percent on their money market account. The account requires a minimum deposit of $1,000, and a minimum balance of $2,500 in order to earn the APY.
Compare money market account interest rates, terms and fees online to get the best possible return on savings.
- Posted in Bank Deals | Bank News | Interest Rates | Money Market
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