Bank of Internet Money Market Account – More than just internet banking!
Money market accounts are wonderful if you want to earn more interest for your money than leaving your cash sitting in a traditional savings or checking account. Bank of Internet is offering and delivering a very high yield money market account. Interest for the money market account is compounded daily along with being credited to the accounts monthly. This is only one of the things that make them one of the most attractive money market accounts today.
Bank of Internet offers traditional banking and loan services entirely over the Internet, without making you pay for the cost of a branch network.
Bank of Internet is insured with the FDIC for money market deposits and boasts one of the highest APY rates on the web across the board regardless of what your balance in the account may be. With a money market account the rate of interest is variable. However, there are other incentives or savings provided by Bank of Internet that has been passed on to customers which makes them more attractive than other lenders delivering money market accounts in the industry.
Opening an account with Bank of Internet is simple and easy. With only a minimum deposit of $100 and no minimum daily or monthly balance required with Bank of Internet, this online lender is an excellent institution for many investors that may not have a lot of funds to devote to a money market account. Accounts can be opened with an electronic or personal check.
$100 - that all you need to open a money market account with Bank of Internet
If you are an investor searching for a money market account similar to a checking account, Bank of Internet does provide customers with check writing capabilities. They will even provide initial checks for your money market account free of charge. Along with an ATM card, free online banking and online statements, Bank of Internet money market accounts affords customers easy access to their money and can be monitored with little or no effort through the lenders secure website. Any customers that prefer the banking using the mail can request to do so. Bank of Internet will pick up any postage fees with their bank by mail free postage envelopes.
Bank of Internet money market account rates as at 25 August 2011 are as follows:
Bank of Internet has received wonderful feedback from their customers for their website and money market account perks and extras. One of the best advantages that stand out from similar lenders is the extremely low $100 minimum requirement to open the account and no minimum balance requirements.