Available nationwide, IncredibleBank is offering a rate of 1.75% APY when you open an Money Market Account with an opening deposit of $100. Continue reading below to learn everything you need to know about IncredibleBank.
Table of Contents
About IncredibleBank Money Market
IncredibleBank, an online bank that is insured by FDIC, opened in 2009 as one of the early internet-only banks. Their goal is not only to be an online bank with great interest rates, but also to provide secure banking and high touch customer service online.
They are now rated a Top 10 Digital-Only Bank where online banking is made easier and more convenient.
I’ll review IncredibleBank Money Market Account below.
IncredibleBank Online Savings Rate
To earn this generous rate, just maintain the minimum deposit to meet the monthly balance requirement and you can earn the high rate that apply to all balances.
- Account Type: Money Market Account
- Interest Rate: 1.75% APY
- Availability: Nationwide (Branch Locator)
- Minimum Balance: $300,000
- Maximum Balance: None
- Credit Inquiry: Soft pull
- Opening Deposit: $100
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Monthly Fee: Can be waived by enrolling in eStatements
- Early Termination Fee: $10, if closed within 90 days
American Express Personal Savings Account - You earn 1.70% 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 Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.60% APY + $200 Cash||Review|
|CIT Bank Savings Builder||1.75% APY + $150/$300 Bonus||Review|
|UFB Direct High Yield Savings||1.90% APY||Review|
|Betterment EverydayTM Cash Reserve||1.83% APY||Review|
|American Express High Yield Savings||1.70% APY||Review|
IncredibleBank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with IncredibleBank’s ACH capabilities.
How to Earn IncredibleBank Rate
- Open a Money Market account from IncredibleBank with minimum deposit of $100.
- 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 1.75% APY for balances of $300,000 or more.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- Manage your accounts at your leisure from your computer, tablet or mobile device
- All deposits are FDIC insured to the maximum amount allowed by the law
For those of you looking for a savings account with a high APY rate, look no further as IncredibleBank’s Money Market Account offers a high APY Rate. If you meet the minimum balance of $300,000, you can start gaining interest at a high rate as soon as they post to your account. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on IncredibleBank Money Market Account.