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Think Mutual Bank Savings Account & Money Market Account

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Think Mutual Bank of Rochester, Minnesota, is advertising a tiered savings account and a tiered money market account. There is no minimum deposit on both types of accounts.

The savings account rates are not the highest savings account rates available but the rates are definitely competitive with the national average rates. Their best savings rate is for account balances of $20,000 or more. The current rate is 0.75 percent with an annual percentage yield (APY) of 0.75 percent.


Current Savings Account Rates



  • Balances of $0 to $2,499 Rate 0.30% Yield 0.30%

  • Balances of $2,500 to $9,999 Rate 0.40% Yield 0.40%

  • Balances of $10,000 to $19,999 Rate 0.50% Yield 0.50%

  • Balances of $20,000+ Rate 0.75% Yield 0.75%


The bank's current money market account rates also beat the national average rates. The highest money market account rate is for account balances of $100,00 or more. Their current MMA rate is 1.14 percent with an APY of 1.15 percent.

Current Money Market Account Rates



  • Balances of $5,000 to $19,999 Rate 0.55% Yield 0.55%

  • Balances of $20,00 to $49,999 Rate 0.90% Yield 0.90%

  • Balances of $50,000 to $99,999 Rate 1.05% Yield 1.05%

  • Balances of $100,000+ Rate 1.14% Yield 1.15%


For more current savings account rates and money market account rates go to thinkbank.com.
 
Author: Jason P. Jones
April 11th, 2010