bank rates

MBNA 5.35% APY Money Market Account

MBNA Bank has a 5.35% money market account for those with 50K minimum balance.

Some investors choose to invest in money market accounts and seek out accounts with the best money market rates. A money market account is like a savings account and when an investor has located the best money market rates and has invested in a money market account they earn more interest than they would with a traditional savings account. Money market accounts are fairly stable, and an investor will find that their investment is diversified by the bank in which the money has been deposited. Typically, when money has been invested in a money market account it is then invested by the institution into certificates of deposits, and treasury bills.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (4)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 3.33 out of 5)
Loading...
4 Existing Comments
  1. Alfredo Gutierrez said:
    on September 7th at 11:32 pm

    Dear Bankaholic,

    I read your blog and enjoyed what you had to say. I’m currently searching for financial bloggers for a new financial portal and investor community. Your point of view and knowledge would fit in great into the portal. This would be a great opportunity to broaden your online exposure and market tools. If this is something that might interest you, Please contact me.

  2. embillma said:
    on November 2nd at 06:39 am

    Unfortunately MBNA merged with BoA on 22 Sep and the rates are not nearly this good!

  3. Bankaholic.com said:
    on November 9th at 08:35 am

    mbna bank reviews anywhere? or did they really merge with bank of america bank review?

  4. MBNA FANATIC said:
    on September 25th at 08:08 pm

    MBNA bank is one of the world’s largest when it comes to issuing credit cards. Having recently merged with the Bank of America, MBNA bank is now capable of offering more financial services than previously offered. The result of the merger between the Bank of America and the MBNA bank has given current and new MBNA bank customers access to more than 16 thousand ATMs, and another 5700 bank branches to access. The expansion has made MBNA bank services available in more than 29 states in the nation. MBNA bank services are also available on a national level – the MBNA bank offers financial services in Canada, Ireland, the United Kingdom and Spain. MBNA bank offers Internet banking options, making such services available to customers all over the world. More than 20 million customers currently use the Internet banking options supplied by MBNA.

    MBNA bank provides services for small businesses, midsize businesses and personal banking. MBNA bank currently has over 55 million satisfied customers, and 20 million online banking users. Working as a bank that addresses personal finance needs as well as an institution that is the number one Small Business lender, MBNA bank opens the door of opportunities for people and businesses alike. MBNA bank currently provides financial services in more than 175 countries; has maintained an outstanding business relationship with more than 98 percent of the United States Fortune 500 Companies, as well as another 80 percent of the Fortune 500 Companies outside of the United States. The NYSE ticker symbol for MBNA Bank is BAC.