This money market account is clearly only a good deal for those with balances over $100K. Ascencia has a page in which they show how you can exceed $100K of FDIC insurance through different ownership options. The links point to the FDIC webpages with the official details.
For those with less than a $100K balance, Ascencia continues to have decent deals with their no-minimum savings account (at 4.75% APY) and a 5.50% APY 6-month CD and a 5.45% APY 12-month CD. The interest checking account only has 1% interest but it has no minimum balance requirements or monthly fees. The first order of checks are free.
These accounts are available to people from any state. Applicaions must be done oline. I had reported on Ascencia's savings account and CD's back in May. Please refer to that post for more info on Ascencia's account opening details and ACH features.
Ascencia Bank is based in Louisville, Kentucky and is a division of PBI Bank which is FDIC insured. Bankrate gives them 4 out of 5 stars (sound).