Best Bank Rates and Deals

The money market rates at Greystone Bank have dropped a bit since we lasted reported on them in June. Here is an updated of the bank’s money market rates:

• o.75% APY – $25,000 to $49,999
• 1.26% APY – $50,000$99,999
• 1.51% APY – $100,000-$749,999
• 1.77% APY – $750,000 and above

While the rates on the account have dropped, the details remain the same:

• Additional deposits may be made
• Interest is compounded daily and credited to the account
• Tiered interest rates apply; the more you deposit, the more interest you earn
• Service charges apply if the balance drops below $25,000

Government Restrictions

• Up to six withdrawals or transfers allowed each month (3 may be by check)
• After three electronic withdrawals in a month, there is a charge for each additional electronic transfer
• If more than six withdrawals are made in a month, the account may convert to a non-interest bearing account

The minimum deposit is $25,000 to get you started.

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