New Century Bank Money Market Rates
The New Century Bank Money Market Rates are competitive and come from a solid financial institution. In 1997, this financial institution opened for business in Phoenixville. Since that time, they have added branches that now reach Chester and Delaware counties. This bank has $250 million in assets and over 25,000 open accounts on the books.
The Money Market Accounts earn 2.00% APY with an associated Platinum Checking account. The requirements are a minimum deposit of $50 to open and a minimum balance of $1000 to avoid the monthly maintenance fee. Every month, the interest this account earns is credited to the balance. The transfers for your money market account to another account or to a third party are limed by federal regulations at 6 per statement cycle.
The rate of 2.00% APY is effective thru 5/31/2010. If a Platinum checking account is not opened or associated with this money market account, then the APY will be at a rate of 1.60% until 5/31/2010. There is then a minimum deposit of $1000 to acquire any interest on this account.
If a minimum balance is not kept for the entire month, the maintenance charge is $5.00 per month.
The rate of 2.00% APY is current but subject to change without notice. The current rate was posted on 12/21/09 and is still current and valid.
Join the other 25,000 account holders in trusting New Century Bank. Money market rates are above the national average at this time.