Available online nationwide, CFBank is offering a rate of 3.90% APY when you open a Money Market account.
Update 12/23/24: The rate has decreased to 3.90% APY from 4.05%. We recommend the Western Alliance Bank savings or the M1 Cash account to better rates.
About CFBank Money Market
Headquartered in Worthington, CFBank is the 19th largest bank in the state of Ohio and the 666th largest bank in the nation. Established in 1892, it had grown to 117 employees at 7 locations.
I’ll review CFBank Money Market account below.
| Balance Requirements | APY Rates |
| Less than $5,000 | 0.05% |
| $5,000 to $2,499.99 | 0.20% |
| $25,000+ | 3.90% |
CFBank Money Market Rate
Minimum balance to open and earn stated Annual Percentage Yield (APY) is $25,000.
- Learn More at CFBank
- Account Type: Money Market
- Interest Rate: 3.90% APY
- Availability: Nationwide
- Minimum Balance: $25,000
- Maximum Balance: None
- Credit Inquiry: Unknown
- Opening Deposit: $50
- Monthly Fee: $5, waived if minimum balance is greater than $500
- Early Termination Fee: Subject to penalty if closed within 90 days.
(FDIC Insured)
CFBank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | N/A | None | None | None |
| Pull | N/A | None | None | None |
Editor’s Note: You have to link and initiate (inbound and outbound) ACH transfers from an external bank account.
How to Earn CFBank Rate
- Open a CFBank Money Market Account with minimum deposit of $25,000.
- Earn 3.90% APY based on your account balance.
Why You Should Sign Up For This Account
- Debit Card with Chip Technology
- Online Banking with Bill Pay
- Mobile Banking with Mobile Deposit
- eStatements
- Fraud Protection and Monitoring
- Electronic Bill Pay
Bottom Line
The Money Market account from CFBank is quick and easy to open online. This is a good decision for customers who want a much bigger-than-average return on their money.
Interested in Bank Bonuses? See our favorite banks including BMO Harris Bank, U.S. Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
If you have any information on this account feel free to share your experiences with this bank by commenting below. For more bank offers, see our complete list of Best Bank Rates.
Check back often to see the latest info on CFBank Money Market Account.
