OnBank Money Market Savings Account Rates

You might have just started getting returns from your alternate business. Since you are not dependent on this money you can easily invest and grow it further. The Money Market Savings Account option can prove to be a good one. This type of account grows your money at a faster pace while giving full access to it. OnBank is offering great rates. It does not have any minimum balance requirement.

OnBank is an online bank. You can open your account today via its website https://www.onbank.com.

Following are the rates being offered for Money Market Savings Account:
- You earn an APY of 3.49% for a balance of $1.00 and above.
* The APY is accurate as of Saturday, 5/17/2008.

@ The APY is applicable to personal accounts only.
@ This is a variable rate and can be changed at any time without notice.
@ A minimum balance to obtain this APY is $1.00.
@ There is no monthly fee charge.
@ Your funds are FDIC insured up to the maximum applicable limit.
@ Transfer of funds from another banks is permitted.

While opening your account online, you will need to fill in your Social Security Number. You will need to submit your email address as well where you will receive all your confirmations and notifications regarding your OnBank account. The information regarding your employment status, employer name and occupation description is also required.

If desired you may open a joint account which will be owned by you and your co-applicant with rights of survivorship.

When required you may use electronic funds transfer to add or withdraw funds from OnBank time deposit account during a grace period upon maturity.

In case of any queries you can call them at 1-866-948-BANK (2265) between 8 a.m. – 9 p.m. (Monday-Friday) and 9 a.m. – 5 p.m. (Saturday-Sunday).