Money Market Rates January 2011
The Money Market rates January 2011 are still at rates that were comparable to the end of last year. This loosely translates to mean there are many near the top, with a rate of interest near or above 1.00%.
The best Money Market rates are still being found at local and small community banks across the nation. The best one at this time that could be found is an APY of 1.76%. This is available from the City National Bank in Metropolis, located in Southern Illinois. This account requires a minimum deposit of $2,500.
Another one that is very close to the return on investment from the bank in Metropolis is the AmericaNet Bank. Their Mega Money Account is earning an APY of 1.75%. This is on all deposits up to $35,000. Balances above that point only earn 1.00% APY.
Quantum National Bank is another community bank located in the rural part of Georgia. They currently have a money market account that is earning an APY of 1.40%. The down turn of this offer is that it is only available to residents of the state of Georgia, and the minimum deposit for this APY is $100,000. For deposits below $10,000, the APY is only 0.10%.
These are some of the best Money Market rates January 2011 from across the nation that includes both local community banks and nationwide banks.