Available nationwide, NEXBank is offering 1.46% APY on their High Yield Money Market account where you can earn one of the most competitive rates and still be able to get your hands on your money when you need it.
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About NEXBank High Yield Money Market
NexBank Capital, Inc. is a financial services company that serves its clients through three core businesses—Commercial Banking, Mortgage Banking and Institutional Services. They provide customized financial and banking services primarily to financial institutions, institutional clients, corporations and individuals nationwide.
I’ll review NEXBank High Yield Money Market below.
NEXBank High Yield Money Market 1.46% Rate
In order to earn 1.46% on your High Yield Money Market Account, you must have a minimum of $25,000 in your account.
- Account Type: High Yield Money Market Account
- APY Rates: 1.46% APY
- Minimum Balance: $25K
- Maximum Balance: None Listed
- Availability: Nationwide (Branch Locator)
- Credit Inquiry: Unknown, let us know
- Opening Deposit: Unknown
- Monthly Fee: None
- Credit Card Funding: Unknown, Let us know
- Closing Account Fee: Unknown
American Express Personal Savings Account - You earn 1.30% 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 Comenity Direct Savings and HSBC Direct Savings accounts offer great rates available nationwide which I recommend.
|UFB Direct High Yield Savings||1.51% APY||Review|
|CIT Bank Money Market||1.30% APY||Review|
|American Express High Yield Savings||1.30% APY||Review|
|CIT Bank Savings Builder||1.25% APY||Review|
|Huntington Bank Relationship Money Market Account||1.25% APY||Review|
|Discover Bank Online Savings||1.15% APY||Review|
NEXBank 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 NEXBank’s ACH capabilities.
How to Earn NEXBank Rate
- Come in to any branch to sign-up or even do so online.
- Open up a High Yield Money Market Account.
- Fund the account with at least $25,000 to earn the 1.46% APY Rate.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- No monthly maintenance fee so long as your balance doesn’t drop below $10,000
- FDIC insured
- You can earn dividends on any amount in your account
- Access to thousands of ATMs nationwide
If you fund your account with $25,000, you’ll earn 1.46% APY. If you can keep up with the monthly requirements, sign up, and enjoy a high APY rate for simply using your account! All you have to do is use your account, and you can earn a high APY.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on NEXBank Online Savings Account.