In terms of features, this Amazing MMA is very similar to the Superior MMA that came out last August (see post). The account can must be opened my mail and is available to people in any state. Once the account has been established, you can access it through the online banking application. They don't offer a bank-to-bank ACH transfer service, but you can initiate transfers from your accounts at other banks.
One nice thing is that if you already have the Superior MMA, you can call and request to be upgraded to this new Amazing MMA. In the past they weren't as accommodating. Over the last year, Superior Savings has come out with a new special money market account with better rates and/or lower minimums every few months.
Note, Superior is also offering a competitive 6-month CD with an APY of 5.60%. The minimum is $500.
The bank has two branches in Branford, Connecticut and in Bronx, New York. It has been FDIC insured since 1960. It has a safe and sound rating of 4 out of 5 stars (sound) at Bankrate.com.
Thanks to the reader who emailed me news of this account.