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Are You Ready for a Cashless Society?Advanta Bank's Money Market Account Rate Hikes
POSTED ON BY Ken Tumin
Advanta Bank Corp recently increased rates on all tiers of its money market account by 0.25%. The new rates are shown below:
The bank also has some nice rates on certificates of deposit. The 12-month CD has an APY of 5.10%. The 6-month CD is at 4.75% APY.
Advanta's rates have remained competitive since I've been following the bank. Refer to my posts from December and September. They still don't offer an ACH transfer system. Accounts have to be opened by mail and funded by check.
Tier Interest Rate Annual Percentage Yield
$100 to $999 4.16% 4.25%
$1,000 to $9,999 4.50% 4.60%
$10,000 to $49,999 4.55% 4.65%
$50,000 to $99,999 4.59% 4.70%
$100,000 and above 4.64% 4.75%
The bank also has some nice rates on certificates of deposit. The 12-month CD has an APY of 5.10%. The 6-month CD is at 4.75% APY.
Advanta's rates have remained competitive since I've been following the bank. Refer to my posts from December and September. They still don't offer an ACH transfer system. Accounts have to be opened by mail and funded by check.
They only allow ACH transfers out of the account, and you need to call them on the phone to initiate the transfer.