Available for residents nationwide, CFBank is offering a Money Market Account with up to 0.50% APY.
Continue reading below to learn everything you need to know about CFBank Money Market Account.
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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 Up to 0.50% Rate
- Account Type: Money Market Account
- Interest Rate: Up to 0.50% APY
- $0 – $4,999 = 0.05% APY
- $5,000 – $24,999 = 0.25% APY
- $25,000 and above = 0.30% APY
- $20,000 and above = 0.50% APY Promo Rate (APY requires $20,000 minimum deposit to earn introductory rate)
- Minimum Balance: $0
- 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® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 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 high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account 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 Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% 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.
- Earn up to 0.50% APY
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 competitive APY rate! 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.