VirtualBank eMoney Market Account
The VirtualBank eMoney Market Account is one of the most popular banking products available at VirtualBank. Here at money market rates 101 we try to bring you the latest information on the best money market rates. Consistent with this goal, we bring you this review of the VirtualBank eMoney Market Account.
This VirtualBank money market account starts with an interest rate of 2.50% and an APY of 2.53%. You can qualify for this 2.50% money market rate by opening a Virtual Bank money market account with as little as $100. This $100 minimum balance is a very low amount that should allow anyone to open a money market account.
This VirtualBank account has no monthly fees and is FDIC insured. With today’s uncertainty in the financial markets, opening a money market account that is FDIC insured is very important. Unlike money market funds, money market accounts add extra protection for your money. If the fianancial institution fails, your money is protected by FDIC insurance.
The VirtualBank money market rates go up to 3.75% if you invest over $100,000 in the VirtualBank account. While many do not have $100,000 to invest, if you do, this 3.75% interest rate is one of the best money market rates. You should check out the VirtualBank money market account.
