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Metlife Bank Money Market Rates

SAVINGS ACCOUNT

Everyone of us need savings to rely in times of emergency and un-anticipated circumstances. We put some money aside and do not access it in our daily routine. Since it lies just unused, so it is a better option to invest and grow it further. In a Money Market Account you can access your funds at any time you want. You have complete access to your money while earning interest on it. That is what makes it unique.

Metlife Bank is offering great interest rates under this account:
Money Market Account:
A balance of up to $4,999.99 earns 0.50% APY.
A balance between $5,000.00 to $9,999.99 earns 2.45% APY.
A balance between $10,000.00 to $24,999.99 earns 2.75% APY.
A balance of $25,000.00+ earns 3.00% APY.
*Rates noted as on 06/02/08.
**Minimum balance required to avoid monthly service charge is $1,500.00.

IRA Money Market Account:
A balance of up to $4,999.99 earns 0.50% APY.
A balance between $5,000.00 to $9,999.99 earns 2.45% APY.
A balance between $10,000.00 to $24,999.99 earns 2.75% APY.
A balance of $25,000.00+ earns 3.00% APY.
*Rates noted as on 06/02/08.
**Minimum balance required to avoid monthly service charge is $250.00.

Features:
@ Interest in compounded daily and credited monthly.
@ Free online banking account access.
@ Check writing access limited to three per month
@ Your funds are FDIC insured.

As noted on 30 Dec, 2006 Metlife Bank had $4.6 billion in the customer deposits with more than 100,000 customers. This bank offers a variety of loan and deposit products for catering to its customer’s financial needs. In the first quarter of 2007, Bankrate.com recognized this bank’s interest rates amongst 100 Highest Yields. So if you want high returns, you should open your account now.

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