Woodlands Bank is offering 4.00% APY on its Money Market Maximum Account for balances over $50,000 guaranteed until December 31, 2008. The yield for balances between $25K and $50K is 3.50% APY, and the yield for balances under $25K is 3% APY. These yields are also guaranteed through 2008. This offer is listed occasionally at the bank's front page. The bank is listing several different offers over the image of the trees. A different offer appears each time you reload the page. So if you don't see it at first, keep reloading. I also found this offer advertised in today's Savannah Now newspaper. The ad is available online here. Note, this ad shows only 3.25% for balances between $25K and $50K.
Here are some of the important details of this offer:
Requires a checking account. Their Free Checking seems to qualify
Money Market Account has a minimum deposit of $2,500
$10/mo fee if balance falls below $5,000
The bank also is listing other nice promotions on its front page such as a free gift for the checking account and some competitive CD rates: 4% APY 36-month, 3.75% APY 24-month, 3.65% APY 12-month and 3.50% APY 6-month. The minimum deposit is $500. This CD offer expires June 1, 2008.
New accounts appear to require a branch visit. Branches are located in Mobile, Alabama; Southport and Wilmington, North Carolina; Beaufort and Bluffton, South Carolina, and Pooler and Richmond Hill, Georgia. The bank has been FDIC insured since 1987 (FDIC Certificate # 32571).