4.00% Money Market Account Until 3/31/09 at BankEast in TN

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BankEast is advertising a 4.00% APY money market account with the yield guaranteed through 3/31/09. The minimum initial deposit is $5,000. There's a $15 per month service charge if balance falls below $5,000. This special doesn't seem to be listed at the bank's website. It was advertised in today's Knoxville News Sentinel. The ad is available online here. The ad also lists a 4% APY 13-month CD special.

A branch visit appears to be required to open accounts. Branches are located in the Tennessee cities of Knoxville, Maryville, Townsend, Gainesboro, Seymour and Sevierville.

The bank has a 3.5 star rating (good) at BauerFinancial and a 2 star rating (below peer group) at Bankrate.com. Both are based on 3/31/08 data.

BankEast has been FDIC insured since 1968 (FDIC Certificate # 19869).

Other Money Market Account Specials

I have a list of several money market promotions with a 4%+ yield guaranteed for 3 to 6 months at the top of my weekly rate summary. I've seen several banks around the nation offering similar deals. These are local deals, and require a branch visit. Below is a list of the recent ones. Please check with the bank to ensure the offer is still available.
Comments
5.70% 6-Month CD at a Tennessee Bank (BankEast)
BankEast is offering a 5.70% APY 6-month certificate of deposit. The minimum is $1K. The term is actually 6 months plus an additional 16 days. This special is not listed at the bank's website. It was advertised in today's Knoxville News Sentinel. The ad is available online here.

The bank has branches in Knoxville, Maryville, Gainesboro and Seymour, TN.

BankEast has been FDIC insured since 1968. It's rated 3 out of 5 stars by Bankrate.com (performing).



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