At the end of last week, BTH Bank raised the rate on its Worry-Free Money Market account (1.29% APY on balances of $500k+; 1.09% APY on balances of $100k). In the past year, the Worry-Free Money Market account has had 13 rate changes, ranging from a low of 0.86% APY in June 2015 to the current high of 1.29% APY.
The minimum opening deposit is $10k and the $12 monthly service charge can be waived by maintain a minimum $10k balance.
The current tiered APYs on the Worry-Free Money Market are as follows:
- 0.25% APY - <$100k
- 1.09% APY - $100k+
- 1.29% APY - $500k+
- 1.29% APY - $1m+, subject to negotiation
BTH Bank’s Kasasa Cash account earns 2.25% APY on qualifying balances up to $7k; qualifying balances above $7k earn 0.05% APY, with non-qualifying balances earning 0.01% APY. The Kasasa Cash account was added to BTH Bank’s product line in early July 2015, and the 2.25% APY has been in effect since the first day.
- Have at least 10 debit card purchases
- Have at least one ACH payment or one Direct Deposit
- Enroll in online banking and receive eStatements
The minimum opening deposit is $50, with no monthly service charge or minimum balance to earn rewards. Nationwide ATM fees will refunded up to $25 per month, up to $5 per transaction.
Headquartered in Quitman, Texas, BTH Bank’s market area includes all of Texas. The Bank offers its services and product line to all Texas residents who are U.S. citizens, 18 years or older.
Minors, resident aliens and non-resident aliens may apply by contacting BTH Bank directly.
Opening a Worry-Free Money Market account or a Kasasa Cash account can be done online, or at any of ten Texas branches located in Carthage, Dallas, Hawkins, Kilgore, Lindale, Longview, Mineola, Quitman, Tyler, and Winnsboro.
BTH Bank (FDIC Certificate #3402) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.23% (excellent) based on March 31, 2016 data. In the past year, BTH Bank has increased its total deposits by $203.11 million, an excellent annual growth rate of 30.43% APY. Please refer to our financial overview of BTH Bank for more details.
BTH Bank is one of the few community banks in East Texas today, and has a history that stretches back more than 110 years. In 1905, W. M. Lloyd established a small, private bank in Quitman, which subsequently received a state charter in 1908, resulting in the First State Bank. A national charter was granted in 1914 and the First National Bank of Quitman took the stage. Almost 100 years later, the Bank had become BankTexas and,
In 2006, seven members of the bank's board of directors raised approximately $13 million
from local investors to form BT Holdings, which purchased BankTexas from its then non-local
owners. The transaction allowed BTH Bank to once again become a locally-owned financial institution.
How the Worry-Free Money Market Account Compares
When compared to the 411 Jumbo Money Market Accounts tracked by DepositAccounts.com that are available to Texas residents, BTH Bank's Worry-Free Money Market APY ranks first, regardless of minimum deposit.
The above rates are accurate as of 6/6/2016.
To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.