SIGN UP TO RECEIVE THE LATEST POSTS VIA EMAIL!4.05% Money Market Account at Indy Mac Bank
March 27, 2008
Indy Mack Bank has a 4.05% APY on their E-Money Market Account. You must have a minimum balance of at least $1000 to open the account and must leave $1000 in there to receive interest. If your balance falls below $1000 at any time you will be charged a $7 monthly fee.
This is a basic Money Market account with no ATM Card or checkwriting privileges, but there is ACH functionality to move money in and out of the account to your local bank.
Link to Account Details and Signup Page
As interest rates keep falling this is a pretty good deal if you are looking for a place to stash your cash. However, don’t get your hopes up too high as I am sure they will adjust the rate down as soon as they get a flood of people opening accounts. So get in now if you want the high rate!
Thanks to reader Mike who emailed me about this offer.
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[...] Alex wrote an interesting post today onHere’s a quick excerptIndy Mack Bank has a 4.05% APY on their E-Money Market Account. You must have a minimum balance of at least $1000 to open the account and must leave $1000 in there to receive interest. If your balance falls below $1000 at any time you … [...]
[...] John Caddell wrote an interesting post today onHere’s a quick excerptIndy Mack Bank has a 4.05% APY on their E-Money Market Account. You must have a minimum balance of at least $1000 to open the account and must leave $1000 in there to receive interest. If your balance falls below $1000 at any time you … [...]