The Money Market Account at Aurora Bank provides your with the ability to write checks along with the interest rate of a regular savings account . This interest however, varies, according to how much cash you have in your Premium account at the end of each day. From $1.00- $999.99 there is 0% APY and 0 interest rate. However, if you are willing to set aside more than a grand, this account will be beneficial. From $1,000-$24,999, the APY and interest rate jumps to 0.96% (previously 0.97% in 1 May 2010). And then, if you wish to exceed $100,000, the rate and APY ascends to 1.08% APY. Keep in mind that this is just the amount that you have in the account at the end of each day. To open one of Aurora Bank’s Money Market Accounts, you must first deposit $1,000, which is why the APY benefits you, because if you drop below the  benchmark, a fee is applied. A mere $5.00 at the end of the month, but still, making sure that your balance stays above the  minimum $1,000 will benefit you in more than just one way.

Just like any other Money Market Account, there is a limit to how many transactions you may implement. That number is six. Once more than 6 withdrawals are made, then a $10.00 fee is assessed. Also, the withdrawals include 3 checks. The ATM system works a little bit differently. 3 rebates per month is the regular allowance, 5 for Preferred Customers, and 10 for the Gold Customers. These labels apply to how much money you put into your account. For the actual rulings of qualifications, see the chart on their website.

Aurora Bank FSB is FDIC insured