Available nationwide, My Banking Direct is offering up to a 1.75% APY with a minimum opening deposit of $2500. With a Money Market account earn a great rate with easy access. There are no minimum balance requirements, no monthly maintenance fees, and more! Additionally, save more with Sweep. Sweep allows you to select the balance you want to maintain in your My Banking Direct Checking account, and our sweep service will automatically transfer or “sweep” the funds that are over that pre-selected balance amount from your checking account, into your My Banking Direct Money Market account each day. Open your account in just minutes!
Table of Contents
My Banking Direct Account Info:
- Sign up Offer
- Account Type: Money Market
- Interest Rate: 1.75% APY
- Minimum Balance: $25,000
- Maximum Balance: None
- Availability: Nationwide
- Expiration Date: None
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $2,500
- Credit Card Funding: Unknown. Let us know.
- Direct Deposit Requirement: None
- Monthly Fee: None
- Additional Requirements: See below
- Closing Account Fee: None
- Insured: FDIC
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 ACH capabilities.
How to Receive My Banking Direct Rates:
- Open a Money Market account from My Banking Direct.
- 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 0.25% APY for balances below $5,000
- Earn 1.50% APY for balances $5,000 – $24,999.99
- Earn 1.75% APY for balances over $25,000
- You're all set – Set up the sweep option from your My Banking Direct Checking account. That's it!
Check out this offer from My Banking Direct. When you open a Money Market account you can earn up to 1.75% APY! This rate is great for balances over $25,000. Earn more, do less. It takes just minutes, so open an account today! Feel free to leave us a comment and let us know about your banking experience. If you are not interested or looking for more bank offers, see the complete list of Best Bank Rates!