Everbank’s Money Market Account offers the highest rate with their 2.25% 3-Month intro rate with a minimum balance requirement of $1,500. There is a limit of six withdrawals just like most banks. It’s FDIC insured with no-fee online and mobile banking.
The 2.25% intro rate apply to up to $50K. After the 3-month intro, the standard rate of 1.51% APY will apply. Hint: to extend your 3 month intro rate, you can open their FreeNet Checking right after the first three month of MMA. The FreeNet Checking gives you the same 2.25% APY for the first 3-month.
For account application, make sure to print out the signature card after online application. Simply fund your account with a check or wire transfer. As with most banks, there will be a hard inquiry on your credit report. They are rated as “4-Stars” rating by BauerFinancial.
This is an excellent bank with many features, highly recommend to join.
Chase Freedom $100 Cash Bonus
For a limited time only, The Chase Freedom Visa card is currently giving out a $100 bonus when you make $799 in purchases in your first three months. On top of the $100 bonus, you will get 5% cashback on rotating categories like gas, drugstores, home improvement, and 1% everything else. You can check the schedule for 5% categories at chasebonus.com
From July 1st and September 30th, 2010, you can get 5% cash back on up to $1,500 spent in the following categories:
- Auto Rentals
Best part about the rewards is the no tiers or expiration data. There is absolutely no annual fee. As will all Chase bonuses, offer will not last very long. Sign up for your $100 Bonus today!