Current Chase Money Market Rates
Chase Bank is one of the most reliable banks in the United States today. They offer many kinds of savings and money market products to their customers. There are four kinds of savings accounts that are available, besides the certificate of deposits (CDs). The four accounts are Chase Savings, Chase Money Market Savings, Chase Plus Savings and Chase Retirement Money Market account. Each of these accounts come with a wide range of features that can suit all kinds of people. In the case of Chase money market account, the interest is compounded monthly on the daily balance. There are many transaction fees associated with it and so, one must carefully analyze these charges before opening an account. An exchange rate adjustment fee of 3% is charged for all debit card transactions or cash withdrawals that are made outside United States. Also, a $2 fee is charged when money is withdrawn in non-Chase ATMs. Besides these features, the Chase interest rates are very competitive and this makes it a good investment avenue.
The current Chase Money Market interest rates are 0.02% for all balances. This rate is applicable only for relationship accounts and for all other accounts, the Chase money market rates are 0.01% for all balances. In order to earn the relationship rate on balances, the customer must have linked the Chase Workplace checking account or the Chase Better Banking checking account to the Chase Money market savings account and these checking accounts must have at least one transaction initiated by the customer during every monthly cycle. The Chase Bank money market rates are very attractive in this current banking scenario and this is the reason many people opt for it.