Available to residents of New Jersey and New York, Kearny Bank Relationship Building Money Market is offering a staggering 0.85% APY Rate. Continue reading below to learn everything you need to know about Kearny Bank.
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About Kearny Bank Relationship Building Money Market
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 Relationship Building Money Market Rate
To earn Kearny Bank’s competitive rate, simply have an opening deposit of $15,000. In addition, you will need to open a checking account with direct deposit. That’s all it takes and you’ll get to enjoy earning the 0.85% rate on all balances.
- Account Type: Relationship Building Money Market
- Interest Rate: 0.85% APY
- Minimum Balance: $15,000
- Maximum Balance: None Listed
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $15,000
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: $25, waived by maintaining a minimum daily balance of $15,000.
- Early Termination Fee: None
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.
|Discover Bank Online Savings||$200 Bonus + 0.40% APY||Review|
|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|
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 Relationship Building Money Market account from Kearny Bank with an opening deposit of $15,000.
- In addition, maintain an active Kearny Bank consumer checking account with monthly direct deposit, and receive monthly eStatements
- Maintain any balance amount over 15,000 and earn the 0.85% APY rate.
|Balance Requirement||APY Rate|
|If qualifications are not met||0.40% APY|
|On average daily balance at least $15,000 and all qualifications are met||1.50% APY|
|On average daily balance of at least $15,000 or more with an active Kearny Bank consumer checking account with direct deposit, and when qualifications are met||0.85% APY|
Why You Should Sign Up For This Account
- Interest is compounded daily
- Only $15,000 minimum to open
- Earn 0.85% APY rate on any balance over 15,000
- Kearny Bank Debit Mastercard®
Check out Kearny Bank and open a Relationship Building Money Market 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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