If you are looking for an online-only bank that specializes in deposit accounts, check out Brilliant Bank! You can utilize their simple mobile app to manage your money and reach your financial goals.
Available nationwide, Brilliant Bank Money Market is offering a generous 4.85% APY Rate on your funds. Continue reading below to learn everything you need to know about Brilliant Bank.
About Brilliant Bank
Brilliant Bank, headquartered in Wichita, Kansas, is wholly owned by Equity Bank, an FDIC-insured company with $5 billion in assets and offices in four states.
| Balance | APY |
| $1,000 – $500,000 | 4.85% APY |
Brilliant Bank Money Market Rate
- Account Type: Money Market
- Interest Rate: 4.85% APY
- Availability: Nationwide (Online Bank). Unavailable for select regions in Kansas, Missouri, Oklahoma and Arkansas.
- Minimum Balance: $1,000
- Maximum Balance: $500,000 on website *However, CSR said there is no maximum
- Credit Inquiry: Soft Pull
- Opening Deposit: $1,000
- Monthly Fee: Maintain a $2,000 balance to waive the $10 monthly service charge.
- Early Termination Fee: None listed
(FDIC Insured)
Important Details for Brilliant Bank Money Market
- Interest is credited monthly.
- Unlimited check writing.
- ATM/debit card is available, with no ATM fees nationwide.
- Free online banking and mobile banking.
- Initial and subsequent funding can be done by ACH, wire, or check (mobile deposit).
- There is a $2.55 charge for external outgoing transfers initiated by Brilliant Bank. No charge for outgoing transfers initiated by an outside financial institution.
- Unlimited beneficiaries can be designated. Social Security numbers are not required when naming beneficiaries, but are required should a disbursement occur.
Brilliant Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | $5K | Up to $155K | ? |
| Pull | ? | $5K | Up to $155K | ? |
You can transfer money from a money market account to another account via your Brilliant Bank mobile app, which gives you full control over your finances.
Why You Should Sign Up For This Account
- Account Alerts: Keep your savings and spending on track. Know exactly where your money is going.
- Mobile Deposit: Scan and send check images for immediate deposit. No more trips to the bank.
- Online Banking: Track bills. Make payments. Transfer funds. All in the palm of your hand.
- Security: Avoid fraud and bank securely with our digital tools.
Bottom Line
Finally, check out Brilliant Bank and open a Money Market account this amazing rate! Keep in mind, you need to deposit $1,000 in order to start earning this high rate. Let us know about your experience with this bank and comment below.
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Check back often to see the latest info on Brilliant Bank Money Market Account.
Hi Anthony,
I can confirm that Brilliant Bank does NOT do a hard credit pull. It is a soft pull and a Chexsystems pull. Feel free to reach out with any questions.
Just tried to apply account online, but it requires citizenship.
“Applicants must be citizens of the United States of America. At this time, Brilliant Bank is only accepting new account application from citizens of the United States of America”