If you’re a rate chaser or you’re interested in opening up a CD or money market account, you’ve probably never heard of OnBank. OnBank is a division of M+T Bank that has offered many great rates of the years and currently holds over $65 billion in Assets.
As of April 22, 2008, OnBank is offering 2 great rates which are FDIC insured –
24 month CD – 3.85% APY - $500 minimum
OnBank is also offering a 3.49% APY money market account that only requires a $1 minimum deposit. Keep in mind that this is a very low minimum balance and also remember that a money market rate can change anytime, so deposit at your own will!
For more information on OnBank’s certificate of deposit and money market accounts, visit their homepage.

