High interest money market account through United Central Bank
Last week we reported on a very noteworthy 6 month CD rate offered by United Central Bank. Today, they have another significant interest rate offered through their “global money market account.”
This product can product yields of anywhere from 1.95% APY to a whopping 3.0% APY depending on your deposit amount. The current national average for money market rates sits at 1.20% APY. The minimum balance required to open an account is $5,000.
United Central Bank operates out of Dallas, Texas, however they have online banking options and can accept deposits from anywhere in the United States. Contact a representative directly for further details. Telephone: (800) 787-0755
Global Money Market Account Features:
- Free Internet Banking.
- Free Online Bill Pay.
- Free Notary Service.
- Visa Debit Card.
- Free check imaging with monthly statements.
- When linked to a Global Value Checking or Global Supreme Checking, there is no monthly fee.
- Current Federal Regulations limit withdrawals to six per monthly statement. No more than three of these can be by check or any payment order to a third party.
Breakdown of interest rates and deposit amounts:
- $5,000 to $74,999 yields 1.95% APY
- $75,000 to $149,999 yields 2.15% APY
- $150,000 to $299,999 yields 2.15% APY
- $300,000 to $499,999 yields 2.25% APY
- $500,000 to $999,999 yields 2.40% APY
- $1,000,000 and above yields 3.00% APY
