Chase Bank offering two types of Money Market Accounts

Chase Bank is a lender that provides an array of products for their customers.  However, their money market accounts do stand out among one of their top features offered to customers. This is a lending institution with a lot of experience in the banking industry being brought to the table. Chase is offering more than one money market account to their customers at this time to provide customers with options for investing their monies. They have a money market savings account along with a retirement money market account.

Money market savings account

The Chase Bank money market savings account can be opened online for a minimum deposit of $25.  Chase Bank money market savings account supplies customers with free online banking and account statements and an added feature of receiving alerts via email free of charge.

Chase believes in making banking easy for their customers and for customers of Chase Bank that already have a checking account, they can easily link both their checking and money market savings accounts. Linking these two accounts is usually done for overdraft protection for consumers checking accounts. Another bonus of having more than one account with Chase Bank is free enrollment into their automatic savings program.

The money market savings account with Chase Bank has a small monthly fee of $12 that can be waived one of two ways. The monthly money market account fee is waived if you have a qualified Chase Bank checking account or if keep a $1500 average daily balance.

The month fee is waived if you have a qualified Chase Bank checking account or if keep a $1500 average daily balance.

Retirement money market account

The retirement money market account cannot be opened online. However, you can set up the account via telephone. The retirement money market account requires a minimum of $100 to open.

Interest for the retirement money market account is compounded and paid monthly for customers. The Chase Bank retirement money market account is similar to the money market savings account in most other aspects.

One of the features offered by Chase Bank because they are a brick and mortar bank that you won’t find with many online lenders is the option of removing money from your account by visiting one of the hundreds of locations across the nation.  You even have access your money if you’re outside of the country. The money market account does have an ATM card and checks available which gives you access to your money as freely as having a checking account. However, only six transactions are free of charge per month.

With competitive rates and access to your money when you want it, Chase Bank is offering a couple of nice products in their line of money market accounts today.

Chase Bank also offers a wide range of other products. Visit their website at https://www.chase.com/