BMO Harris Bank is offering a nice 2.35% APY on nationwide accounts.
To qualify for this account, you need to have a minimum of $5,000 in your account to get the high interest ate, but you can earn with as low as $1 in your account at a tiered rate.
Other perks include no max, no monthly fees, and ATM access nationwide. Pretty decent account if I say so myself, given that the 2.35% only requires a small deposit of $5K to qualify for the rate.
For high savers, you can really hit some nice interest payments with no maximum. Even though FDIC only covers up to $250K, amounts beyond that are still earning interest at the 2.35% rate.
BMO Harris Platinum Money Market Account details:
- Account type: Money Market Account (MMA)
- APY: 2.35% APY
- Minimum: $5,000
- Maximum: None
- Availability: Nationwide
- Credit pull: Soft
- ChexSystems: Yes
- Opening deposit: $5,000
- Fees: None
How to get the high interest rate
- Sign up for an account online here.
- Punch in your ZIP code to see your rate.
- Open a Platinum Money Account.
- Put in at least $5,000 to get the 2.35% interest rate.
There are no monthly service fees tied to this account.
- Competitive interest rate
- No monthly fees
- FDIC insurance up to $250K
- Requires a 5K deposit
Totally worth it for anyone looking to park their money somewhere and forget about fees. High interest and no maximum with only a $5,000 minimum. ATM access and plenty of liquidity with regular 6 free withdrawals per month.
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