VirtualBank has money market rates as high as 1.82% APY. You don’t need a lot of money to open these money market accounts, which have a minimum deposit of $100. The money market accounts also include:
- No monthly fees
- No minimum balance requirements
- Transfer money for free from your existing checking account
- Free online statements
- Free deposits and withdrawals electronically
These online money market accounts also are insured by the Federal Deposit Insurance Corp. You can get more information about FDIC coverage on money market accounts here.
The following money market rates are available as of Oct. 10:
- 0.8% APY for deposits under $10,000
- 1.26% APY for $10,000 to $24,999
- 1.51% APY for $25,000 to $49,999
- 1.71% APY for $50,000 to $99,999
- 1.82% APY for $100,000 and up
You can also earn money by referring friends to VirtualBank. You must have a VirtualBank checking, savings, or money market account to qualify for the offer. You can refer up to 50 friends to sign up for a money market account. Friends are only eligible if they have never had an account with VirtualBank or its parent, Lydian Private Bank.
You and each friend who signs up will receive $20 each, and you can earn a total of $1,000. The money you receive will be reported as interest on Form 1099INT.
- 6 Month CD 0.60 %
- 1-year CD 0.92 %
- 2-year CD 1.47 %
- Money Market Account 0.37 %
- Savings Account 0.60 %
- 30-year Fixed Mortgage 4.27 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you. Whether you work with the bank or you found a deal in the newspaper, simply click on the submit a bank deal on the right hand side and help us all out!
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
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Confused on what you should invest in? Let the GoTalkMoney.com community help you when it comes to investing into a CD. If you already know what you're going to invest in, please vote on the poll on the right. If you want to see the results and you don't know what to vote, simply hit "I'm Not Sure" to see the results.
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