Chase money market rates
There are many savings products available today for your money. However, certain features of savings products may not be ideal for your financial needs. So, it is absolutely important that you go through the features, rates and penalties of any savings product before you make a decision to invest in it. To help you in this process, we will present the salient features and rates of Chase Bank.
There are many features that come with Chase Bank money market account. When you open an account, you will automatically have access to more than 15,000 Chase ATMs located across the country. You will also have access to online statements and e-mail alerts. The monthly service fee is waived if you have a minimum daily balance of $1,500 or if your money market account is linked to any Chase checking account. Otherwise the rates are $12 per month. The minimum amount required to open an account is $25 and the interest is compounded monthly and credited to your account. The Chase interest rates have always been competitive and they are backed by the trust of the bank and insured by FDIC.
The current Chase money market rates are 0.01% APY for all balances. The Chase Bank money market rates for a relationship account are 0.02%. In order to earn relationship rates, you must have a Chase Better Banking Checking account or a Chase Workplace checking account that must have at least one transaction initiated by you in every monthly cycle and this must be linked to your money market account. These Chase money market rates are reasonably good and you can look into this avenue of investment.