Metro United Bank out of California is offering a nice interest rate on their promotional “metro money market account.” Currently, with balances of at least $2,500 you can earn an APY of 2.0%.

Thanks to BankVibe reader Tereasa for submitting this money market promo!

Like all MMA’s this rate is a variable one and is subject to change without notice. When the promotion ends the interest rate will revert to it’s normal APY (which is not listed on their website).

The promotional period began on the 6th of July and is set to end on the 8th of September.

Metro United Bank has locations throughout northern and southern California. They have branches in San Francisco, San Mateo, Los Angeles, City of Industry, Irvine and San Diego.

They are headquartered in the City of Industry and their parent company, MetroCorp, (Nasdaq: MCBI) is a holding company based out of Texas.

Both their CD (certificate of deposit) products as well as this advertised money market account are federally insured by the FDIC.

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