Available for residents nationwide, M.Y. Safra Bank is offering a Direct Online Money Market with 0.25% APY.
Continue reading below to learn everything you need to know about M.Y. Safra Bank.
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About M.Y. Safra Bank Review
M.Y. Safra Bank offers its banking customers a variety of deposit products. These include personal checking accounts, personal savings accounts, personal money market accounts, and Certificates of Deposit (CDs).
Customers are provided with access to online banking, bill pay, ATM, and debit cards.
I’ll review M.Y. Safra Bank Direct Online Money Market below.
M.Y. Safra Bank Direct Online Money Market 0.25% Rate
- Account Type: Direct Online Money Market Account
- Interest Rate: 0.25% APY
- Minimum Balance: $5,000
- Maximum Balance: $1,000,000
- Availability: Nationwide
- Credit Inquiry: Unknown
- Opening Deposit: $5,000
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Termination Fee: A penalty will be imposed for early withdrawal of principal
(Does Not Expire)
American Express® High Yield Savings Account - You earn 0.50% 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 + 0.50% APY||Review|
|Aspiration||$150 Bonus + 1.00% APY||Review|
|Axos Business Savings||$100 Bonus + 0.20% APY||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|American Express High Yield Savings||0.50% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
M.Y. Safra Bank ACH Capabilities and Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
How to Earn M.Y. Safra Bank Rates
- Open an Direct Online Money Market Savings account from M.Y. Safra Bank with a deposit of $5,000
- Maintain a balance no less then $5,000 and no more than a $500,000 balance to earn the 0.25% APY rate
|Balance Requirement||APY Rate|
|$5,000 – $500,000||0.25% APY|
|$500,000.01 – $1,000,000||0.25% APY|
Why You Should Sign Up For This Account
- Open a M.Y. Safra Bank account online in just minutes
- Interest is compounded monthly
- eStatements instead of waiting for paper statements in the mail
- Free online banking to efficiently make transfers and payments
- FDIC insures your funds so you can have peace of mind
Check out this offer from M.Y. Safra Bank and open an Direct Online Money Market Savings Account to earn a 0.25% APY rate today! All it takes is to maintain a $5,000 minimum balance to earn the APY rate! 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 online, so open an account today!
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on M.Y. Safra Bank Direct Online Money Market Savings Account.