Competitive Money Market Account In Massachusetts

First Commons Bank has a decent money market account for a brick-and-mortar bank.

from rate sheet as of 8/8/2010

• 1.25% APY $100K to $2M
• 1.05% APY $50K to $100K
• 0.95% APY $10K to $50K
• 0.60% APY $2.5K to $10K

These rates require a checking account with direct deposit.

A branch visit appears to be required to open an account. The bank is located at Newton Centre, MA.