Nova Bank Money Market Savings Account Rates

An establishment for the custody, loan, exchange, or issue, of money and for facilitating the transmission of funds by drafts or bills is termed as a ‘Bank’.

Fulfilling all such considerations we have a very healthy and huge organization working amidst us named as “NOVA BANK”. Nova bank also addressed as ‘Nova’ operates as a Pennsylvania State Chartered Savings Bank. The Pennsylvania Department of Banking examines its working. This organization has been working as a community banking institution for more than 116 years and provides a wide range of financial products and services to the greater Philadelphia region.

Money Market Savings Account
Money market savings account or MMSA falls under the category of Personal Banking Services. This category is exclusively for those people who want limited check writing capabilities in a saving account. It is an easy and comfortable way of practicing banking with a minimum opening deposit of $100, a very affordable price for everybody.

Money Market Savings Accounts – PA & NJ:

Balance of up to $10,000 earns 1.49% interest, 1.50% APY.
Balance of $10,000 – $24,999 earns 1.59% interest, 1.60% APY.
Balance of $25,000 – $49,999 earns 1.59% interest, 1.60% APY.
Balance of $50,000 – $99,999 earns 1.59% interest, 1.60% APY.
Balance of $100,000 – $249,999 earns 1.59% interest, 1.60% APY.
Balance of $250,000 – $499,999 earns 1.59% interest, 1.60% APY.
Balance of $500,000 – $999,999 earns 1.59% interest, 1.60% APY.
Balance of $1,000,000 and above earns 2.52% interest, 2.55% APY.

Money Market Savings Accounts-Outside PA & NJ:

Balance up to $10,000 earns 0.50% interest, 0.50% APY.
Balance of $10,000 – $24,999 earns 0.50% interest, 0.50% APY.
Balance of $25,000 – $49,999 earns 0.50% interest, 0.50% APY.
Balance of $50,000 – $99,999 earns 0.75% interest, 0.75% APY.
Balance of $100,000 – $249,999 earns 0.75% interest, 0.75% APY.
Balance of $250,000 and over earns 0.75% interest, 0.75% APY.

Features:
@ Requires daily Minimum collected balance of $1,000 otherwise $10 will be charged as monthly fee.
@ Unlimited deposit or in-person withdrawals.
@ ATM card for free.
@ Check and pre-authorized transactions are limited per statement cycle.
@ Offers competitive tiered interest rates.
@ Interest are compounded daily and paid monthly.

These are just some features mentioned here to give you an idea that what it is all about otherwise the list of its features is long. Wake up people and grab the opportunity by being a part of this scheme and trust me it will be worth being with the NOVA BANK.

For further information call (877) 482-2650 or email info AT novasavingsbank.com.