Giantbank.com, an online bank, not only serves individuals in their quest for top earnings in their Money Market accounts, but also business’. The main difference between these two, is the APY and deposit amounts.

In Personal Banking for Money Market accounts, there are several key points that make investing with Giantbank.com a great choice.

• The deposit is $1000.00
• APY is 0.85% (previously 1.21% in May 2010)
• NO monthly service charge
• several ways to deposit

On the other hand, in the business area for Money Market Accounts,

• The deposit is $2000.00
• APY is 0.70% (previously 1.01% in May 2010)
• There is a minimum balance required each day
• Telephone Banking
• Wire Transfers

Another difference between the two types is the checks. When you first open your personal, money market account, you will receive free standard checks. But in the business money market account, you get the customized Money Market  check starter kit-which includes 25 checks.

And even though these two types of Money Market Accounts may seem vastly different, there are a few similarities. For example, the interest is compounded daily for both. Also, your statements will be mailed to you, yes, the “snail-mail” way, giving you a physical copy. You can also view your account activity online as well.

Unlike other online banks, the APY does not increase with your balance. In other words 1.21% APY for personal Money Market accounts is the highest amount you can earn. Also, APY is not fixed, it can change at any time.

However as at 6 June 2011, deposits (personal) of $100,000 and above will earn an interest of 0.90%APY.

Giantbank.com is FDIC insured