For residents of Massachusetts, Institution for Savings is offering 1.00% APY when you open a Platinum Money Market Combo account with a minimum opening deposit of $250,000. Fund the account with new money and maintain a minimum balance of $250,000 and get a Platinum 36 or 48-Month CD to earn the highest tier APY rate! You can be sure of your deposits which are insured by the FDIC and sign-up is simple and secure. Enjoy many benefits and earn interest with their competitive rates, the flexibility of liquidity, tiered rates of interest based on your balance, unlimited deposits,plus many more. Apply online today!
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Institution for Savings Account Info:
- Sign up Offer
- Account Type: Super Money Market
- Interest Rate: 1.00% APY
- Minimum Balance: $250,000
- Maximum Balance: $10 Million
- Availability: MA (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $250,000
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: None
- Monthly Fee: $10, can be avoided if maintaining $250,000 minimum balance
- Additional Requirements: See below for more details
- Early Termination Fee: None
- Insured: FDIC
How to Earn Institution for Savings Rates:
- Open a Money Market account from Institution for Savings with an opening deposit of $150,000.
- 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 1.00% APY for balances of at least $250,000.
| APY Rate: | Amount: |
|---|---|
| 0.25% | $1.00 – $249,999 |
| 1.00% | $250,000 – $10 million |
Why You Should Sign Up For This Account:
- Earn interest with their competitive rates
- Tiered rates of interest based on your balance
- Unlimited deposits, and certain withdrawal and check-writing capabilities
- FDIC insures your funds so you can have peace of mind
Bottom Line:
Check out this offer from Institution for Savings. When you open a Platinum Money Market Combo account you can earn a 1.00% APY! 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. It takes just minutes to open your account online, so open one today if you have the funds! Let us know about your experience with this bank and comment below. For more bank offers, see the complete list of Best Bank Rates!
this is a VERY old bank. they have been around for a very long time.