Think Mutual Bank MMA Rates and Savings Rates

Think Mutual Bank of Rochester, Minnesota, is offering a savings account and a money market account. Both types of accounts have tiered interest rates and no minimum opening deposit. The accounts do have a minimum balance to earn the advertised interest rate and annual percentage yield (APY).

The savings account rates are not the best savings account rates available but the rates are competitive with the national average savings rates. The bank's highest savings account rate is for account savings balances of $20,000 or more. The current rate is 0.75 percent with an annual percentage yield (APY) of 0.75 percent as of April 17, 2010.



Savings Account Rates



  • Balances of $0 to $2,499 Rate 0.30% Yield 0.30%

  • Balances of $2,500 to $9,999 Rate 0.40% Yield 0.40%

  • Balances of $10,000 to $19,999 Rate 0.50% Yield 0.50%

  • Balances of $20,000+ Rate 0.75% Yield 0.75%


Think Bank's money market account rates also beats the current national average rates. The highest money market account rate is for account balances of $100,000 or more. Their current MMA rate is 1.14 percent with an APY of 1.15 percent.

Current Money Market Account Rates



  • Balances of $5,000 to $19,999 Rate 0.55% Yield 0.55%

  • Balances of $20,00 to $49,999 Rate 0.90% Yield 0.90%

  • Balances of $50,000 to $99,999 Rate 1.05% Yield 1.05%

  • Balances of $100,000+ Rate 1.14% Yield 1.15%


For more information on Think Bank, current savings account rates and money market account rates visit thinkbank.com.
 
Author: Brian McKay
April 17th, 2010