bank rates

ableBanking Is Offering A Great Money Market Account Rate

Six one-hundred dollar bills and a green backgroundableBanking is offering one of the best money market account deals in the nation right now.

It recently increased its rate to 1.30% APY.

That beats out BankDirect, Sallie Mae and My Banking Direct — three other banks leading the charge on money market accounts.

But those banks are only offering 1.16% APY, 1.15% APY and 1.15% APY, respectively.

There’s a $250 initial deposit to open the ableBanking account and a $250,000 maximum, but there’s no minimum or maximum balance to maintain the account. There’s also no monthly maintenance fee.

While ableBanking is currently offering one of the best nationally available deals, it’s still important to comparison shop.

Before you decide to open an account, make sure to check out the nation’s leading money market account rates.

ableBanking Money Market Account Deal Breakdown:

Rate: 1.30% APY

Availability: Nationwide

Minimum initial deposit: $250

Maximum initial deposit: $250,000

Minimum and maximum balance to maintain: $0

Opening an account

ableBanking is an Internet bank, which means you’ll need to open an account online. You’ll also need to provide your Social Security number in addition to your bank routing number and account information.

How it compares

You’ll find a few other banks offering 1.30% APY on savings accounts, but when it comes to money market accounts, ableBanking seems to be on its own. If you’re on the hunt for a money market account, this deal is worth checking out.

About ableBanking

ableBanking, founded in 2012, is a division of Northeast Bank, which gets an A+ from the Better Business Bureau.

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