Dedicated to Deposits: Deals, Data, and Discussion

2.15% Money Market Promo with Rate Guaranteed to 3/31/10 at One World Bank in Dallas - Local Only

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One World Bank is advertising a money market account promotion with a 2.15% APY guaranteed to 3/31/2010. Minimum opening deposit is $10,000, and the maximum is $250,000. Account must be opened with new money by 12/31/09. This promo doesn't seem to be listed at the bank's website. It was advertised in today's edition of the Dallas Morning News (12/22/09). The ad is available online here.

I can't find any details on the bank's website about the money market account. It's likely that the rates won't be competitive when the promo period ends. Also, I can't find info on the potential monthly fees or the fee for closing the account. Those details are important to know if the rates are no longer competitive when the promo period ends.

It appears that a branch visit is required. One World Bank is a small bank with one office located in Dallas, Texas.

Its ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 2005 (FDIC Certificate # 57901).

Other Competitive Money Market Accounts

Refer to the money market account and savings account sections of DepositAccounts.com for other competitive options that are available locally and nationwide. I have other promotionals listed in my hot deals and nationwide savings account sections of my weekly summary.

  Tags: One World Bank, Texas

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