Interest Rates For Very High Balances For Money Market Or Savings Accounts

lou | Sep 13, 2010 | 725 posts since 2010

Ken - Is there a way of locating accounts that have a tiered interest rate for accounts with $100,000 or $500,000 minimum balance? i would think it might be possible to find rates in excess of 2% for these accounts. Maybe your readers might know of some, whether locally restricted or nationally available.

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Ken Tumin | Sep 13, 2010 | 5,947 posts since 2009

Yes, you can use the "account filter" button right above the rate tables. Just click on this button, and enter the investment amount. The table will then show the best APYs for that level of investment amount. There are quite a few money market accounts and savings accounts that do offer "high" rates for balances of $250K, $500K or higher.

If you want to avoid having to keep setting the investment amount for each search, you can set it in your preferences when you're logged in. Just go to your control panel, and select "set filter rate preferences" in the right sidebar under "account details".