Available to residents of Texas, TBK Bank is offering a rate of 1.50% APY when you open a Money Market Account.
Continue reading below to learn everything you need to know about TBK Bank Money Market.
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About TBK Bank Money Market
TBK Bank is headquartered in Dallas, Texas. It was established in 1981 and has grown to 62 locations across 6 states. TBK Bank has an A+ health rating. However, this Money Market rate is only available at the Dallas branch location.
The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review TBK Bank Money Market bonus below.
TBK Bank Money Market 1.50% Rate
- Account Type: Money Market Account
- Interest Rate: 1.50% APY
- Minimum Balance: $50,000
- Maximum Balance: None
- Availability: TX (Bank Locator)
- Credit Inquiry: Unknown, Let us know
- Opening Deposit: $1,500 minimum
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: Unknown, See Below
- Early Termination Fee: None listed, check with CSR
American Express Personal Savings Account - You earn 1.70% 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 Axos UFB High Yield 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.
|Discover Bank Online Savings||1.60% APY + $200 Cash||Review|
|CIT Bank Savings Builder||1.75% APY + $150/$300 Bonus||Review|
|UFB Direct High Yield Savings||1.90% APY||Review|
|Betterment EverydayTM Cash Reserve||1.83% APY||Review|
|American Express High Yield Savings||1.70% APY||Review|
TBK Bank 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 Earn TBK Bank Rate
- Open up a Money Market Account with a minimum opening deposit of $1,500.
- Fund the account with at least $50,000 to earn the 1.50% APY Rate.
|Balance Requirement||APY Rate|
|$0.01 – $9,999.99||0.15%|
|$10,000 – $49,999||0.30%|
Why You Should Sign Up For This Account
- Interest compounded and credited monthly
- Free online banking with bill pay
- Mobile banking with the TBK Bank App
- Free eStatements
This is a special offer only available to residents of Texas. The offer is subject to change at any time, so if you are interested act soon. The minimum balance of $50,000 to earn the high rate is pretty hefty. However, if you can meet that requirement it may be worth while.
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 TBK Bank Money Market Account.