4.00% Money Market Account for 5 Months at First Bank
Aug 24, 2008 - 7:11 PM by Ken Tumin
The Performance Money Market Account has no fees for balances over $1,000 ($10/month otherwise). It has the typical limited check writing for money market accounts (up to 3 per month). The rates for balances under $10K are low. The small print of the ad shows 0.75% for balances between $2.5K and $10K, and 0.25% for balances under $2.5K.
Branches are located in California, Florida, Illinois, Missouri and Texas. I've only seen ads for this 4% in Illinois and Florida, so I don't know if the branches in the other states will honor his special.
The bank has been FDIC insured since 1934 (FDIC Certificate # 12229).
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Anonymous - #1, Monday, August 25, 2008 - 4:43 PM
I am trying to get this yield to go at one of the banks in the Sacramento, CA area.
Called this morning and they said if I had a large enough deposit of new money they would give me the 4%, otherwise only 3.5%.
I expect a couple large CD's to mature in Sept and Oct. but don't know if yield will be available at that time. I wanted to open with the $10K and hold until the rest of the money was available.
Guess I will wait and see or perhaps another nice rate will come along.
Anonymous - #2, Thursday, September 18, 2008 - 3:25 PM
I called today, 9-18-08, no 4.0% still available for CA. Did not ask about other states. Currently 3.5 she said.
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