bank rates

North Carolina Deal On Savings, MMAs

Alliance Bank & Trust is paying 1.50% on its savings account.North Carolina savers can take advantage of some of the best money market and savings account rates in the country.

Alliance Bank & Trust is paying 1.50% APY on its savings account. Its top MMA rate on account balances less than $100,000 is 1.35% APY.

The Gastonia, N.C., bank’s Super Savings account tops the best nationally available deal by more than a quarter point.

SFGI Direct, the online division of Summit Community Bank of Moorefield, W.Va., pays 1.21%.

Alliance Bank (www.alliancebanknc.com) requires a $2,500 minimum deposit and balance.

If you fall below $2,500 you’ll be charged a $5 monthly fee. And you can’t make more than nine withdrawals per quarter without being charged a $2.50 fee for each additional withdrawal.

Rates on the bank’s MMA increase as your deposits grow.

Balances between $25,000 and $99,999 earn 1.35% APY, while those $100,000 or above earn 1.65% APY. If you keep less in your account, you’ll earn less — ranging from 0.50% APY to 1.00% APY.

You need a $1,000 minimum deposit to open an account, and you need to keep that much in your account to avoid a $5 monthly fee. But there’s no minimum balance requirement to earn interest.

In contrast, AmTrust Direct offers the best nationally available MMA rates, paying 1.25% APY on balances between $10,000 and $149,999. You need a minimum $500 deposit to open an account with AmTrust Direct, which is part of New York Community Bank.

Alliance Bank & Trust serves Cleveland, Gaston and nearby counties.

Compare these rates with the best savings and MMA rates from scores of banks in our database.

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on July 11th at 06:27 am

    All of these rates are still available today.

  2. Kathy at Bankaholic said:
    on July 25th at 10:56 am

    Alliance Bank’s rates are all still available.