Stonebridge Bank Money Market – rates at 70% higher than the national average
Established in 1999, Stonebridge Bank offers you the best of both worlds: Traditional brick and mortar service and a state-of-the-art Internet banking site.
Stonebridge Bank is offering their money market accounts for investors at 70% higher than the national average for money market account rates. Stonebridge Bank is a subsidiary or holding of Stonebridge Financial Corporation out of state of Pennsylvania. They are offering their investment accounts, such as the money market, at the national level for anyone located in any state.
Nationally they are competitive with their money market accounts overall. Stonebridge Bank money market accounts are practical offering high yield investments for customer’s cash reserves. The Premier Money Market Account from Stonebridge Bank has APY of .75% for investment balances of $50,000 or more. They are in the medium range compared to the national average for money market accounts.
Additional information about their money market accounts which sets them apart from other lenders;
- Avoid a monthly fee by maintaining and average daily balance of no less than $1000
- Overdraft protection is free of charge on your money market account if you have a Stonebridge checking account along with your Premiere Money Market Account.
- 6 withdrawals from your money market account are allowed per month
- Open an account with a minimum investment of $1000
Stonebridge Bank is a member of the FDIC (Federal Deposit Insurance Corporation) since their creation in 1999.
Current money market rates and APY-
Deposit APY *
$50,000+ 0.75% APY * earned on entire daily balance
$25,000-$49,999 0.75% APY * earned on entire daily balance
$0-$24,999 0.75% APY * earned on entire daily balance
*APY=Annual Percentage Yield
Stonebridge Bank does deliver banking on the go for their customers with access to online banking, text banking, and mobile banking in addition to telephone banking. Although their website isn’t very dynamic or vigorous as designs go, it is user friendly. There is easy navigation, but not a lot of detailed information surrounding their products and services can be found using the lenders site.
With technology these days, there are so many ways to conduct your banking transactions. Stonebridge offers them all - online banking, text banking, and mobile banking in addition to telephone banking
Stonebridge Bank is a secure and safe financial institution for investors searching for money market accounts. They are offering a very decent rate compared to the national average and have invested in their banking on the go making it easy for their customers to access their accounts and take care of any business transaction from nearly anywhere they happen to be.
This particular lender hasn’t been in the marketplace for an extremely long period of time, but does believe in serving their clients by delivering the best overall banking experience with live customer service versus a machine. They are rated overall very high for personal banking experience.