bank rates

Top Nationally Available MMA Pays 1.25%

AmTrust Direct pays this rate with a minimum deposit of $500.AmTrust Direct can now claim the mountaintop by itself.

Hudson City Savings Bank has dropped its money market rates, putting AmTrust Direct into the top spot for nationally available MMA accounts with a 1.25% APY.

To earn the best rate, you need to have $10,000 to $149,999 in your account.

If your balance falls above or below that amount, you’ll earn 0.50% APY.

You need a $500 minimum deposit to open an account with AmTrust Direct (, an online division of New York Community Bank.

The other top nationally available money market rates are:

1.15% APY from Incrediblebank, an online division of River Valley Bank, which has locations in Wisconsin and Michigan. You need a $2,500 minimum deposit to open an account, and balances up to $99,999 earn 1.15% APY. You’ll earn 1.25% APY if you have an account balance between $100,000 and $249,999.

1.15% APY from Hudson City Savings Bank of Paramus, N.J. It takes a minimum deposit of $2,500 to open an account. Balances below $2,500 earn 0.90% APY.

1.11% APY from Flagstar Direct, the online division of Flagstar Bank in Troy, Mich. There’s no minimum deposit needed to open an account and no minimum balance.

1.05% APY from Discover Bank. The bank is owned by the credit card company, and offers this rate for balances between $10,000 and $99,999. If your balance exceeds $100,000, you’ll earn 1.10% APY. Balances of $2,500 to $9,000 earn 1.00% APY. You need a $2,500 minimum deposit to open an account.

1.05% APY from Nationwide Bank. There’s no minimum amount required to open an account, and the rate applies to all balances. The bank is owned by Nationwide Mutual Insurance Co. of Columbus, Ohio, and its affiliates.

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on June 24th at 09:54 am

    All of these rates are still available today except for Hudson City’s, which is 1.05% APY for a minimum deposit of $2,500 and 0.80% APY for balances below that amount.