Take a detailed look at Stonebridge Bank’s best money market account. You will be glad you did.

Premier Money Market Account –

The Premier Money Market account is quite practical and offers a comparatively high-yield investment. Stonebridge Bank may not be top dog at 0.85% APY, but is within shooting range at least. If you would like to compare Stonebridge’s money market account with accounts offered by other banks, simply read the posts at Bank Truth under best money market rates. Interest is compounded daily and credited monthly. Keep a minimum balance of $1K and you will avoid the monthly service charge. Like many other bigger named banks, it does not matter if you deposit only that grand or more than 50 grand, the quoted APY stays the same. It is a money market account, but you can make regular withdrawals when needed, up to six per statement cycle.

Fees Schedule

Should your daily balance drop below the minimum $1,000, Stonebridge Bank will charge a service fee of $10/month. When you make withdrawals, be sure to keep track of how many. If the number of withdrawals exceeds 6, you will be zinged a service fee of $15. On the other hand, if you have been inactive on your high yield money market account for 24 months or more, you will be assessed $10 per month as a service fee. If you need to talk with someone about making a transfer, be sure to get instructions as to how to do it using online banking services. If you have Stonebridge do a verbal transfer, it will cost you $5. Stonebridge Bank really does cater to the online customer. Online Bill Payment, images of checks and eStatements are free, whereas they will charge a $2.00 fee for printed statements.

Summary of Stonebridge Bank

All in all, Stonebridge bank’s Premier Money Market account can boast a high yield savings rate as they are definitely above the national average. With the ease of opening the account online and the ease of navigation across the web site, Stonebridge Bank has set a standard which should keep them around in the long run. All money market accounts are FDIC insured. If you have further questions about Stonebridge Bank, you can find a full review of Stonebridge Bank’s many products and services at Bank Truth.

Are you trying to decide if a high interest money market account will fit your deposit account needs? Think about reviewing Bank Truth’s pages on the pros and cons of CD accounts, money market accounts, and traditional savings accounts to see what product best fits your goals and needs.