Highest yielding money market rates in West Virginia

September 17, 2009 No Comments »

Below are the highest yielding money market account rates serving citizens of the state of West Virginia.

If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.

After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of West Virginia, we have found that in some instances you will lock in more competitive rates with national institutions rather than local ones (if you are eligible). Before committing to one of the banks/credit unions listed below, you may want to browse through our national money market rates tables.

Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.

Top 2 MMA (money market account) rates in West Virginia:

(click on the institution for more information)

  • West Virginia Federal Credit Union: South Charlseton, WV. Money market account yielding up to 2.0% APY depending on the monthly minimum balance you can keep. This account is set up in 4 tiers based on the amount of money you have on an average scale throughout the month. The first tier provides an interest rate of 1.36% and is applied to balances between $1k and $4,999. The second provides an interest rate of 1.51% and is applied to balances between $5k and $9,999. The third tier provides an interest rate of 1.71% APY and is applied to balances of $10k and $49,999. The last tier is applied to balances above $50k and provides a lucrative APY of 2.0%. You are eligible to join this credit union if you live, Work, Worship or Attend School in Boone, Cabell, Kanawha, Lincoln, Putnam or Wayne Counties. Contact: (304) 414-3572
  • Pioneer West Virginia Federal Credit Union: South Charleston, WV. Three separate money market accounts. The first is called the ” Founders Money Market” which yields and APY of 1.70%. The second is called the Platinum money market and provides and interest rate of 1.85%. The thirst is just a money market account which only yields (a still respectable 1.60% APY). Although no minimum balances associated with these accounts are shown on their website, we would have to imagine such requirements come with these products. Pioneer West Virginia FCU has three primary offices: one in South Charleston, the other in Fayette/Oakhill, and the last in Riverside/Belle. Contact: (303) 348-6648

Both of the above institutions are federally insured by either the FDIC or NCUA. If you live in West Virginia and know of a better money market rate offered through your local institution, please share by leaving a comment.

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