Ascencia Bank Money Market Account

Amongst the online banks, Ascencia has become quite successful. It is headed by industry leaders with a combined financial experience of 90 years. For eleventh time Ascencia has received the ‘Bankrate.comSM Top Tier Award’ for consistently offering Annual Percentage Yields (APYs) that were among the highest reported in 100 Highest Yields for second quarter of 2005.

You can achieve your financial goals with the Money Market Account of Ascencia. You can start with a low minimum balance of $1,000. Below given are the interest rates as offered on Money Market Account:

Tier 1:
For a deposit between $1,000 – $7,499 an interest rate of 0.53% with 0.53% APY is offered. A minimum initial deposit and Monthly balance of $1,000 is required.

Tier 2:
For a deposit between $7,500 – $99,999 an interest rate of 0.72% with 0.72% APY is offered. A minimum initial deposit of $1,000 and Monthly balance of $7,500 is required.

Tier 3:
For a deposit of $100,000 and above an interest rate of 2.47% with 2.50% APY is offered. A minimum initial deposit of $1,000 and Monthly balance of $100,000 is required.
* All the above rates are accurate as of 5/16/2008.

@ To earn interest you need to maintain a minimum balance of $1,000.
@ In total 6 withdrawals are allowed in a month.
@ A fee of $15 is levied for additional withdrawals.
@ Interest rate may change at any time.
@ You can make transfers between your Ascencia accounts online or with telephone banking. There is no charge to electronically transfer money.
@ You get a 24 hour Online Account Access.

To apply for an account you can visit this web page: http://www.ascenciabank.com/apply.asp
In case of any queries you can visit their Customer Service at http://www.ascenciabank.com/CustomerService/.

It is a member of the FDIC with Insurance Certificate Number of 9314. Ascencia provides a convenient way of banking. Offering everything you want!!!