Money Market Rates May 2020Compare the Best Money Market Rates from banks and credit unions across the United States. We have money market account rates listed from local, regional, national and online banks. You can always find the highest MMA rates with us.
Burke & Herbert Bank & Trust Company money market rates are tiered and are competitive for the higher balance accounts. The best money market rates at Burke & Herbert Bank & Trust Company are at 1.45 percent on account balances of over $1 million. You don’t have a million dollars sitting around? You can still get a decent money market rate from Burke & Herbert Bank & Trust Company if you have $100,000 or more to deposit. Current rates on deposits from $100,000 to $249,999.99 are at 1.15 percent. To get the highest money market rate available compare online rates here with Burke & Herbert Bank & Trust Company Money Market Rates.
Vio Bank savings account rates are the best online savings rate available on our rate table. Current savings rates at Vio Bank are at 2.49 percent with an APY of 2.52 percent. The minimum opening deposit for a savings account at Vio Bank is only $100. To give you an idea of how high Vio Bank’s savings rate is, the current national average savings rate is only at 0.09 percent. Vio Bank’s savings rate is usually always one of the top rates available because the bank monitors the competitions’ savings rates to ensure they are always offering one of the best rates. You can compare other banks’ online savings rates with Vio Bank savings rates.
State Farm Bank’s money market rates are one of the highest money market rates available today. Current money market rates at State Farm Bank are at 1.98 percent with an APY of 2.00 percent. The minimum opening deposit for a money market account at State Farm Bank is only $1,000. There are no account fees if you set up direct deposit or have a minimum account balance of $500. You also can write checks against the account. To get the best rate, compare other banks’ money market rates to State Farm Bank money market rates.
UFB Direct money market rates, which were already some of the best money market rates around, were increased overnight. Money market rates at UFB Direct were increased from 2.27 percent with an APY of 2.30 percent to 2.42 percent with an APY of 2.45 percent. This high money market rate on UFB Direct’s Premium money market account is on balances of $25,000 and up.
UDB Direct is the online banking division of Axos Bank. Therefore, money market accounts and other banking products offered by UFB Direct are through Axos Bank and insured by the FDIC through Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546.
Premium money market account rates at UFB Direct are tiered. Balances of $25,000 and above earn the high rate of 2.35 percent. Balances of $0- $24,999.99 earn a rate of 0.50%. UFB Direct uses the daily balance method to calculate the interest in your account.
Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If you exceed the transfer limits on more than an occasional basis, UFB Direct may convert your account to one not subject to transfer limitations or close your account.
Each time a transfer is paid against your account in excess of 6 per month, you will be assessed an a fee. If your account is closed mid-cycle, your accrued interest will be forfeited. If your account is at zero at the end of your statement cycle, your accrued interest will be forfeited for that cycle and your account will be closed. If your average daily balance falls below $5,000 you will pay a monthly fee of $10.00.
Customers Bank money market rates are very competitive right now and are actually one of the top 5 best money market rates available. The current money market rate at Customers Bank is at 2.23 percent with an APY of 2.25 percent. To earn this great money market rate from Customers Bank, you are required to open an account with a minimum deposit of $25,000. There are no monthly fees on the Customers Bank MMA. See how current MMA rates compare with Customers Bank’s MMA rate to get the best deal possible.
TIAA Bank Yield Pledge money market rates are some of the highest money market rates available these days. The Yield Pledge Money Market Account from TIAA Bank has a current money market rate of 2.15 percent. This money market account rate is a one year promotional rate.
If the “Yield Pledge” banking product sound familiar to you that’s because EverBank had Yield Pledge banking products. TIAA Bank acquired EverBank and rebranded the EverBank Yield Pledge products to TIAA Bank Yield Pledge products.
See how TIAA Bank Yield Pledge money market rate compares with other MMA rates online by searching below.
Presidential Bank money market rates which were already pretty good at 2.00 percent were increased last night. Money market account rates at Presidential Bank are now at 2.23 percent with an APY of 2.25 percent. The old money market rate from Presidential Bank was at 1.98 percent with an APY of 2.00 percent. The 0.25 percent increases matches the 25 basis point increase in the fed funds rate two weeks ago. See how Presidential Bank money market account rates compare with other MMA rates to get the best rate today.
The best money market rates in California will move even higher in the coming months because of the recent 0.25 percent fed funds rate increase. The highest California money market rates are currently at 2.23 percent with an APY of 2.25 percent. The second best California money market rate is at 2.18 percent with an APY of 2.20 percent See how these MMA rates in California compare with other rates today to get the highest rate.
Home Savings Bank money market rates are not the best money market rates around but the rates are competitive when compared to brick and mortar money market rates. The money market rates at Home Savings Bank are tiered and based on account balance. The higher the balance the higher the money market rate from Home Savings Bank. The lowest money market rate from Home Savings Bank is at 0.30 percent for account balances of $25,000 to $2,500. The highest MMA rate from Home Savings Bank is at 0.75 percent for account balances above $250,000. See how Home Savings Bank MMA rates compare with other bank MMA rates to get the highest rate today.
VirtualBank money market rates were increased overnight and are now one of the best money market rates available today. Current money market rates at VirtualBank were increased from 1.99 percent with an APY of 2.01 percent to 2.33 percent with an APY of 2.36 percent. Money market rates at VirtualBank are tiered and based on the MMA account balance. The good news is, this new new money market rate from VirtualBank applies to all mma balances. To get the best MMA rate available today see how VirtualBank MMA rates compare with other bank money rates.
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