Evantage Bank’s High Interest Money Market Account
Evantage Bank’s Mega Money Market Account earns 3.10% APY on all balances up to $35,000! And you earn a still respectable 1.65% APY on balances above $35k. This account also comes with 6 free monthly withdraws a free check card.
Since Redneck Bank paved the way with their Mega Money Market Account yeilding 3.10% APY a while back a few other banks have jumped on the scene with their own high interest money market or savings account offers. Just last week Darby Direct came out with a high yield savings accounts yielding 3.05% APY with no fees or requirements. Hopefully this trend manages to open the flood gates to more lucrative short term rates!
Evantage Bank’s Mega Money Market Account Features and Details:
- Monthly Statements are received electronically
- Includes 6 FREE withdrawals per month**
- FREE Evantage MasterCard® CheckCard
- FREE Account (No Monthly Maintenance Fee)
- FREE Online Banking
- FREE Customer Service
- Overdraft Privilege available.
- NO MINIMUM BALANCE
- Earns interest of 3.10% APY* calculated on your daily balance of up to $35,000. Amounts over $35,000 earn 1.65% APY*
- Includes 6 FREE withdrawals per month.
$5 fee for each additional withdrawal
April 18th, 2009 at 12:25 pm
Just another teaser rate…
just like:
redneck bank
darby direct
etc etc etc
if this APY stays at 3.10 for 20 days Ill be impressed
April 22nd, 2009 at 12:18 pm
Trying to open an account here was a disaster. After completing online and doing trail deposits, the account was still “under review”. After a week I called them and now I’m told they need a copy of drivers license and it will be another 2-3 business days after that before it can be opened.
That would make it two weeks. I decided to go elsewhere and told them to cancel my application. A good rate is not worth the cost of speed!
April 22nd, 2009 at 12:40 pm
Thanks for sharing your experience JFK! Maybe they were stalling your account so they could drop the rates… if CB’s assumption is correct…
April 22nd, 2009 at 5:18 pm
They did announce a rate drop via email!
April 22nd, 2009 at 5:22 pm
Interesting their websites still show 3.10%.
The new rate is 2.00% effective 5/5/09
April 22nd, 2009 at 6:37 pm
Wow that is a hefty rate drop. 3.10 to 2.00! Thanks for bringing this to our attention. Looks like it was a teaser after all…
April 22nd, 2009 at 7:15 pm
Told ya. Less than 20 days