eMoney Market Account, Fast and Secure Online Savings
Yet again, saving money is the other flip side of money making. Finding the best choice of savings account is another way to go. Not to mention there ’s this interest factor of it. What about online savings? Oh, Online savings accounts are increasingly becoming a commoditized market, yeah.. with the increasing number of banks entering into this arena. It makes customers - me, you, us - disregard the brand loyalty.
Whichever bank offers the best interest rates, features and customer service, that’s where they ‘d go. Uh huh, no doubts.
eMoney Market Account
M&T eMoney Market Account, It’s a newly launched product from M&T Bank, a decision that they too would like to compete for your savings dollar and opened its own online money market account.
It offers an excellent interest rate given the current market. Some of big names such as HSBC Direct and Emigrant Direct were offering 3.25% APY before the Federal Reserve dropped the short term funds rate by 2% through a series of two rate cuts. 3.00% APY from M&T Bank is one of the best that you ‘re gonna find at this very moment.
Key Features
This newest high-yield online account has some interesting key features. In addition to a great interest rate, your money is not tied up for a specific length of time, giving you convenient access to your funds. Here we go :
- Fast Online Signup
- No Minimum Balance
- No Monthly Fee
- Over 1600 ATMs
- FDIC Insured
- 24/7 Access
ACH Transfer
The capability to do ACH transfers recently added so that you can electronically transfer money to and from your checking account at your local bank. Transferring money - in and out - of your account is never been easier than ever. Alternatively, You can also deposit by mailing in checks or making deposits at one of their branches.
Minimum Balance & Service Fee
This e-Money Market account features no minimum balance and no monthly service fee. You’re allowed to make a maximum of 4 withdrawals per month according to federal regulations from it, any additional withdrawals and you’ll be slapped with a $1.00 fee for each transfer.
FDIC Insured
Is your money safe? Sure thing. M&T Bank is a larger bank and has branches in New York, Pennsylvania, and Maryland, so chances are it’s gonna be around for a while for sure. The bank is also FDIC insured so your money is safe in the event that the bank were to fail.
So all in all, it’s pretty much a best deal to consider. Check it out and give it a shot. You ‘ll be done in just minutes.
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