IndyMac Federal Bank Money Market Rate 3.75% APY

indymac-federal-bank1IndyMac Federal Bank is offering a special online money market account rate of 3.75% APY. The minimum opening balance for their E-Money Market account is $1,000. To receive the 3.75% rate you need a minimum balance of $50,000. Balances between $1,000 and $9,999 receive a rate of 3.10% APY, balances between $10,000 and $24,999 receive a rate of 3.30% and balances between $25,000 and $49,999 receive a rate of 3.65%.

  • These rates are only available online.

  • There is a $7.00 monthly fee if the balance falls below $1,000.

  • This account does not have check writing or a visa check card.

  • You can access your funds from an ATM.

  • Interest is compounded daily and paid or reinvested into the account monthly.

IndyMac Federal Bank Money Market Account application

 
Author: Brian McKay
September 10th, 2008

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