Weymouth Bank
Category: Bank Deals, Local Bank Deals, Money Market Rates- fhuff- 2:59 pm/ May 28, 2010Open a money market account at Weymouth Bank and earn up to a 1.28% annual percentage yield (APY). Money market rates are variable and can change at any time. Money market rates as of May 28, 2010 are:
- 0.25% APY for balances under $2,500
- 0.51% APY for $2,500 to $24,999
- 1.02% APY for $25,000 to $49,999
- 1.28% APY for $50,000 and up
You must maintain a minimum daily balance of $25 to receive the disclosed money market rate. Other details of the money market offer include:
- $2,500 minimum balance to open
- Interest is compounded daily and paid monthly
- Free online banking
- Free 24-hour telephone banking
- Available for retail and business accounts
Accounts are available for Basic, Gold, and VIP packages. You can open Gold and VIP money markets if you have a Gold or VIP checking account.
You can make up to six transfers from a Weymouth Bank money market to another account or to third party accounts by check or draft or preauthorized, automatic, telephone, or computer transfers during each statement cycle. Money begins to accrue on deposits of non-cash items on the business day they are made.
Weymout Bank is based in East Weymouth, Mass. Deposits made into the bank’s accounts are insured by the Federal Deposit Insurance Corp. (FDIC).
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.62 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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