IndyMac Federal Bank is offering a special online money market account rate of 3.75% APY. The minimum opening balance for their E-Money Market account is $1,000. To receive the 3.75% rate you need a minimum balance of $50,000. Balances between $1,000 and $9,999 receive a rate of 3.10% APY, balances between $10,000 and $24,999 receive a rate of 3.30% and balances between $25,000 and $49,999 receive a rate of 3.65%.
- These rates are only available online.
- There is a $7.00 monthly fee if the balance falls below $1,000.
- This account does not have check writing or a visa check card.
- You can access your funds from an ATM.
- Interest is compounded daily and paid or reinvested into the account monthly.
IndyMac Federal Bank Money Market Account application
Author: Robert Till
September 10th, 2008
