If you want to take advantage of the best money market rates you’ll have to give three online banks that have been thoroughly trashed by our readers another chance.
AmericaNet, Redneck and Evantage banks are all paying 2.0% APY on their “Mega Money Market” accounts.
That’s the best, nationally-available rate since EverBank cut the yields on [...]

EverBank, based in Jacksonville, Fla., upped its introductory offer on money market accounts to 3.01% from 2.50% in June.

This move puts its yield for the first year only at 2.15% — the top MMA yield available. This rate applies to Yield Pledge Money Market Accounts with balances up to $50,000.
The 1.85% APY, which is [...]

The online division of East Boston Savings Bank, is paying a whopping 2.81% APY on its money market account.
That’s more than twice the national average of 1.36% for MMAs, and a whopping six-tenths of a point more than the best money market accounts were paying in our last survey.
The catch?
That rate is only [...]

You can still earn 2.25% APY from the top-paying money market accounts available nationwide.
That’s what the average 5-year certificate of deposit is paying, and far more than the so-called “high-yield” accounts other banks are promoting.
You’ll find those top-paying MMAs at:
GMAC Bank with no minimum deposit or balance.
AmTrust Direct, the online division of AmTrust Bank [...]

A smart reader noted that Redneck Bank is paying 3.10% on its money market account.
And that’s true.
It’s owned by Todd and Wade Huckabay, two brothers from a family with a long history in Oklahoma banking and rare sense of humor for the financial industry.
The Huckabays control Bank of the Wichitas — and its [...]

Here’s a low-tech deal for you.
Colonial Bank is selling a 24-month certificate of deposit with just a $500 minimum deposit.
That’s almost twice the national average for 2-year CDs and is one of the best offers you’ll find right now.
But you can’t apply online.
You have to buy the CD in person at one of [...]

AmericaNet Bank is still offering exceptional interest rates on checking accounts and money market accounts.
But the Oklahoma-based bank is changing the maximum amount on which it will pay top rates for both types of accounts.
For its Rewards Checking account, the limit is going down.
Instead of paying 5.25% on the first $25,000, it [...]

Here’s another investment that pays 3.00% APY. And considering today’s economic environment, this is a great-paying deal.
ADB Bank, is offering a 3.00% APY on Direct Wealth Money Market accounts with a minimum deposit of only $1.
To sweeten the deal, the terms that come with the account are laced with words like “free” [...]

The Mega Money Market Account from AmericaNet Bank is paying 3.10% APY with no minimum balance required.
There’s no monthly maintenance fee, plus you get a check card that allows you to make six free withdrawals per month. (There’s a $5 fee for each additional withdrawal.) Online banking and email notices if you are overdrawn [...]