Available for residents nationwide, CFBank is offering a Money Market Account with 1.05% APY.
Continue reading below to learn everything you need to know about CFBank Money Market Account.
Table of Contents
About CFBank Money Market Review
CFBank is headquartered in Worthington, Ohio and was established in 1892. Since then they have grown to 7 locations, offer money market rates that are 5X the national average, and they boast an A health rating.
They offer a competitive interest rate that, along with its money market account offering, targets consumers looking to maintain liquidity.
I’ll review CFBank Money Market below.
CFBank Money Market 1.05% Rate
- Account Type: Money Market Account
- Interest Rate: 1.05% APY
- Minimum Balance: $25,000
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $50.00
- Credit Card Funding: Unknown
- Monthly Fee: $10.00
- Early Termination Fee: Penalty for account closure within 90 days of account opening may apply
American Express Personal Savings Account - You earn 1.00% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Comenity Direct Savings and HSBC Direct Savings accounts offer great rates available nationwide which I recommend.
|Huntington Bank Relationship Money Market Account||1.25% APY||Review|
|CIT Bank Money Market||1.00% APY||Review|
|CIT Bank Savings Builder||0.95% APY||Review|
|UFB Direct High Yield Savings||1.00% APY||Review|
|Discover Bank Online Savings||1.01% APY||Review|
|American Express High Yield Savings||1.00% APY||Review|
CFBank ACH Capabilities and Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
How to Earn CFBank Rates
- Open a Money Market account from CFbank.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- 1.05% APY for balances over $25,000
Why You Should Sign Up For This Account
- FDIC Insured
- Access to your account 24/7
- Overdraft protection
- Telephone transfers to checking
- Online Banking
- Electronic Fund Transfer
Check out this offer from CFBank. When you open a Money Market account you can earn a 1.05% APY! This rate is great for balances $25,000 and up. The opening deposit automatically waives the monthly fee, leaving you less to worry about. Take advantage of the services they have to offer along with these savings.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on CFBank Money Market Account.