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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.

Disclaimer:This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

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