Seacoast Commerce Bank money market accounts

Seacoast Commerce Bank of San Diego has an Investors Money Market Account earning 1.25 percent annual percentage yield (APY). The interest rate is current as of May 31, 2011.

The money market requires a minimum deposit of $25,000. Once the account is open you need a minimum daily balance of $25,000 to continue earning the interest rate. If you don’t meet the balance requirement, the monthly service fee is $25. The Investors Money Market Account can be opened by personal and business customers.

If you don’t have as much money to get started, you can open a Basic Money Market Account with a minimum opening deposit of $2,500. The account requires a minimum daily balance of $2,500 to avoid a $12 monthly fee. You get six free automatic transfers per statement cycle, and that includes up to six checks. The money market account has an interest rate of 0.25 percent APY.

Seacoast Commerce Bank also offers a Premium Business Money Market that requires a minimum opening deposit of $500 and has tiered interest rates. The High Yield Business Money Market, which also has tiered interest rates, requires a minimum opening deposit of $25,000 and a minimum daily balance is $1,000.

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