Earn Bank is offering a pretty good interest rate for their Money market account. You get 2.41% APY, straightforward interest, no tiers. But there’s a catch, you nee to have $10K in the account in order to avoid a $10 monthly fee and make sure to switch to eStataments or you will have to pay another $25 fee. Otherwise, it’s a good rate and one of the best high yield accounts out there, although not the highest.
- $10 monthly maintenance fee waived with a $10,000 minimum average daily balance
- Switch to free eStatements and avoid the $25 paper statement fee
- Peace of mind – deposits are insured by the FDIC up to legal maximums
- $100 minimum deposit to open
A pretty good rate, but we do not know if it’s a soft or hard pull. The latter would kill the deal. You can also fund with a credit card, up to $500, which is a small added bonus. Let me know if you have any more info about this bank.