RateAPY

Money Market Account from Gogebic Range Bank Earns Over 2% APY

Posted by: RateAPY Bank Rates News
May 24th, 2010

Interest Rates Likely to Remain Flat

The minutes of the Federal Open Market Committee meeting of April 27-28 were published May 19 by the Federal Reserve. They did not make happy reading for savers, because the committee’s position on interest rates–that they should remain at “exceptionally low levels…for an extended period”–remained unchanged.

That, of course, means that something else hasn’t changed: the need to seek out accounts–including money market accounts– that offer the best possible interest rates.

Gogebic Range Bank Money Market Account

The Gogebic Range Bank money market checking account offers a range of rates that are based on your account balance:

• $0.01-$24,999.99: 1.00% APY
• $25,000-$49,999.99: 1.25% APY
• $50,000-$74,999.99: 1.51% APY
• $75,000-$99,999.99: 1.76% APY
• $100,000.00+: 2.02% APY

The money market checking account provided by this locally owned and operated bank, with offices in Ironwood and Bessemer, Michigan, has a direct deposits service, and doesn’t charge standard, regular fees, as long as your balance remains above $1,000.

Smart Savings

If you’re investing money in a savings or money market account, it’s important to regularly monitor interest rates. Be sure frequently to compare money market accounts here.