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Incrediblebank has a money market account that earns 1.25 percent annual percentage yield (APY) on balances of $2,500 to $249,999. Money markets with balances above $250,000 earn 0.8% APY. Details of the money market offer include:

  • Minimum opening deposit of $2,500
  • $10 monthly maintenance fee if balance falls below $2,500
  • Insured by the Federal Deposit Insurance Corp. (FDIC)

The bank also has a checking account that earns 1.21 percent APY on balances up to $249,000. Balances above that amount earn 0.8 percent APY. The checking account requires a minimum deposit of $1,000. Fees that may reduce earnings on the account include $15 a month for paper statements. $29 for stop payments and $34 per item for overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means. There is a maximum of $340 per day for overdraft charges.

Incrediblebank, a division of River Valley Bank, based in Wausau, Wis., also has competitive CD rates. You need a minimum opening deposit of $10,000 to open a certificate of deposit. The maximum deposit allowed for CDs is $90,000. CD terms include 9 months, 13 months and 19 months. Interest earned must be added back to the certificate of deposit.

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