Available to residents of New Jersey and New York, Kearny Bank Direct Tiered Money Market Plus is offering a staggering 2.00% APY Rate. Continue reading below to learn everything you need to know about Kearny Bank.
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About Kearny Bank Direct Tiered Money Market Plus
Established in 1884, Kearny Bank has been centered in their community. They are involved locally and understand the needs of their members and businesses, providing them with expertise in specific financial disciplines.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Kearny Bank Account below.
Kearny Bank Direct Tiered Money Market Plus Rate
To earn Kearny Bank’s competitive rate, simply have an opening deposit of $2,500. That’s all it takes and you’ll get to enjoy earning the 2.00% rate on all balances.
- Account Type: Tiered Money Market Plus
- Interest Rate: 2.00% APY
- Minimum Balance: $1,000,000
- Maximum Balance: $5,000,000
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $2,500
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: $25, waived by maintaining a minimum daily balance of $100,000.
- Early Termination Fee: None
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 + $100/$200 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|
Kearny Bank 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 Kearny Bank’s ACH capabilities.
How to Earn Kearny Bank Rate
- Open a Tiered Money Market Plus account from Kearny Bank with an opening deposit of $2,500.
- Maintain any balance amount and earn the 2.00% APY rate.
|Balance Requirement||APY Rate|
|$100,000 – $199,999||0.00% – 0.55%|
|$200,000 – $999,999||0.55% – 1.31%|
|$1,000,000 – $5,000,000||2.00% APY|
Why You Should Sign Up For This Account
- Interest is compounded daily
- Only $2,500 minimum to open
- Earn 2.00% APY rate on any balance
Check out Kearny Bank and open a Tiered Money Market Plus account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
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