Open an Everbank Yield Pledge Money Market Account and earn a 2.25% bonus rate for the first three months on balances up to $50,000. The regular money market rate for the first year is 1.51% APY as of July 23, 2010. The money market rates are higher than the average 0.78% APY being earned by money markets. Details of the money market account include:

• Minimum deposit of $1,500
• Free check writing
• No monthly maintenance fee when minimum balance is maintained, otherwise fee is $8.95
• Insured by Federal Deposit Insurance Corp. (FDIC)

Everbank also offers a WorldCurrency Access Deposit Account that allows you to diversify your portfolio with major foreign currencies. Details of the money market account include:

• Initial deposit of at least $2,500
• $10,000 minimum to begin earning interest
• You can earn yields at foreign rates
• Easy transfers between global markets
• No monthly fees
• Insured by Federal Deposit Insurance Corp. (FDIC)
• Identity theft protection and credit monitoring

The money market can allow you to earn interest in a foreign currency, potentially benefiting from any appreciation against the U.S. dollar. Currencies can fluctuate, so it is important to assess your tolerance for risk.

Everbank, based in Jacksonville, FL, is one of the fastest growing, diversified financial companies. The company offers products and services throughout the U.S.

If you live in the central New York region, and need a place to park a large sum of money for a while, take a look at money markets at Geddes Federal Savings and Loan Association. The savings and loan has a money market rate of 1.9% annual percentage yield (APY) for balances of $50,000 and up. That money market rate is slightly lower than when we last wrote about Geddes Federal Savings and Loan, but is still above the average 0.9% being offered by other money market accounts. Savings rates are current as of May 24, 2010.

Details of money market deposit accounts include:

• Balances of $1,000 to $49,999 earn 0.9% APY
• Must have $25 minimum balance to earn interest
• 24-hour online banking

The savings and loan also offers competitive certificate of deposit (CD) rates. CDs requires a minimum deposit of $500 and there is a penalty for early withdrawal. CD rates include:

• 1% APY for 6 months
• 1.15% APY for 9 months
• 1.25% APY for 12 months
• 1.4% APY for 18 months
• 1.85% APY for 24 months
• 2.25% APY for 36 months
• 2.55% APY for 48 months
• 2.9% APY for 60 months

Geddes Federal Savings and Loan Association also offers IRA CDs that require a minimum deposit of $25.

Only individuals and business located within  150 miles of Syracuse, NY are eligible to open deposit accounts at Geddes Federal Savings and Loan.

Acacia Federal Savings Bank has a tiered money market account that rewards higher balances. The money market can allow you to earn interest without tying up your savings for a long period of time.

The money market rate you earn automatically changes as your balances changes. Money market rates as of June 21, 2010 are:

• 1.5% APY for balances of $125,000 and up
• 1.25% APY for $75,000 to $124,999
• 1% APY for $25,000 to $74,999
• 0.75% APY for $10,000 to $24,999
• 0.25% for balances up to $9,999

Other details of the money market accounts include:

• Minimum opening deposit of $1,000
• No penalty for early withdrawal
• $10 monthly service charge for balances under $1,000
• Insured by Federal Deposit Insurance Corp. (FDIC) up to $250,000 per depositor

The money market allows unlimited withdrawals by mail or phone if you receive the funds as a check.  There is a fee of $7 if you write more than three checks during each month. Inactive or dormant money market accounts are charged a fee of $5 per month. The money market also allows  24-hour account access online.

Acacia Federal Savings Bank is based in Falls Church, VA. It has been operating in the Washington, DC area since 1985. It is a unit of Acacia Life Insurance Company. You can open a money market online.

If you have at least $5,000 to deposit in a certificate of deposit (CD) at Capital One Direct Banking, you could earn 1.88% annual percentage yield (APY) for three years.  The bank has other CD rates for various terms that include:

• 1.24% for 2 years
• 2.18% for 4 years
• 2.47% for 5 years
• 2.96% for 7 years
• 3.2% for 10 years

CD rates for terms less than two years are also available. Jumbo CD rates are available for deposits of at least  $100,000. The CDs have fixed rates, no fees to open or maintain an account, and are insured by the Federal Deposit Insurance Corp.

Capital One Direct Banking also has a high yield money market with no monthly fees on minimum balances. Money markets include free online transfers and checks. The money market also includes a free ATM card.

The high yield money market rate for all balances as of June 9, 2010, is 1.1% APY. Interest rates and APYs are variable and can change at any time. Interest is compounded daily and credited monthly. You are limited to six withdrawals from a money market during each calendar month.

Capital One Direct Banking products and services are offered by Capital One Bank (USA) N.A. and Capital One N.A.

Open a money market account at Weymouth Bank and earn up to a 1.28% annual percentage yield (APY). Money market rates are variable and can change at any time. Money market rates as of May 28, 2010 are:

• 0.25% APY for balances under $2,500
• 0.51% APY for $2,500 to $24,999
• 1.02% APY for $25,000 to $49,999
• 1.28% APY for $50,000 and up

You must maintain a minimum daily balance of $25 to receive the disclosed money market rate. Other details of the money market offer include:

• $2,500 minimum balance to open
• Interest is compounded daily and paid monthly
• Free online banking
• Free 24-hour telephone banking
• Available for retail and business accounts

Accounts are available for Basic, Gold, and VIP packages. You can open Gold and VIP money markets  if you have a Gold or VIP checking account.

You can make up to six transfers from a Weymouth Bank money market to another account or to third party accounts by check or draft or preauthorized, automatic, telephone, or computer transfers during each statement cycle. Money begins to accrue on deposits of non-cash items on the business day they are made.

Weymout Bank is based in East Weymouth, Mass. Deposits made into the bank’s accounts are insured by the Federal Deposit Insurance Corp. (FDIC).