Available nationwide, MemoryBank is offering 2.45% APY on their Money Market account. Continue reading to learn more about MemoryBank.
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About MemoryBank
MemoryBank is a new online banking platform that launched in 2016. As an all-digital bank, they are with you wherever you are: on your phone, tablet or desktop. Like most online banks, MemoryBank does not charge customers any monthly fees, and has no minimum balance requirements on their accounts.
I'll review MemoryBank Money Market account below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.
MemoryBank 2.45% Rate
To earn this competitive rate, simply have an opening deposit of $50. That's all it takes and you'll get to enjoy earning the 2.45% rate on balances up to $1,000,000.
- Account Type: Online Money Market Account
- APY Rates: 2.45% APY
- Minimum Balance: $0
- Maximum Balance: $1,000,000
- Availability: Nationwide (Online Bank)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Opening Deposit: $50
- Monthly Fee: None
- Credit Card Funding: Up to $500
- Closing Account Fee: Unknown
(FDIC Insured)
American Express Personal Savings Account - You earn 2.10% 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. |
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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, HSBC Direct 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. |
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| PROMOTIONAL LINK | RATE | REVIEW |
| Discover Bank Online Savings | 2.05% APY + $200 Cash | Review |
| Simple | 2.02% APY + $500 Cash | Review |
| UFB Direct High Yield Savings | 2.45% APY | Review |
| UFB Direct High Yield Savings | 2.45% APY | Review |
| HSBC Direct Savings Member FDIC | 2.30% APY | Review |
| CIT Bank Savings Builder | 2.30% APY | Review |
MemoryBank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 2-3 days | $2k | $8k | Up to five accounts may be linked at one time |
| Pull | 2-3 days | No limit | No limit |
Editor’s Note: Help us with the table above in the comment section if you have experience with MemoryBank's ACH capabilities.
How to Earn MemoryBank Rate
- Open an Online Money Market account from MemoryBank with no minimum balance requirement and enjoy earning the 2.45% APY rate.
- The high rate apply up to $1 Million for the maximum balance.
- Avoid the $3 paper Statements fee when you sign up with E-Statements.
| Balance Requirement | APY Rate |
| $0 to $1,000,000 | 2.45% APY |
| $1,000,000+ | 0.01% APY |
Why You Should Sign Up For This Account
- FDIC insured so your money is always safe.
- Online and mobile banking
- No monthly service fees
Bottom Line
If you can keep up with the monthly requirements, I recommend you sign up, and enjoy a high APY rate for simply using your account! Take advantage of this APY rate before it changes! 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 MemoryBank Money Market Account.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Simple High-Yield Checking | $500 Cash | Review |
| Discover Bank Online Savings | $200 Cash | Review |
| HSBC Premier Checking Member FDIC | $750 Cash | Review |
| HSBC Advance Checking Member FDIC | $350 Cash | Review |
| Huntington Asterisk-Free Checking® | $150 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Chase SapphireSM Checking | $750 Cash | Review |
| Chase SapphireSM Checking | 60,000 Points | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $500 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
It is 2.30% today.