Top 100 Money Market Account, Highest Yields

Nationwide Bank does a lot of things well and having one of the best money market rates is part of their tradition of excellence.  Bank Rate, an independent interest rate comparison website, named the Nationwide money market account “Top Tier, 100 Highest Yields” for the first quarter of 2010 (second quarter rankings are not yet available).   And since the purpose of a money market account is to marry maximum flexibility with the highest current money market rates, you can feel confident you will have frequent access to your money while it is growing at one of the fastest rates available.  There is a minimum opening deposit and daily balance requirement of $1,000.

Benefits of a Nationwide Bank High

First off, what is a Money Market Account? Basically, it is a long-term savings account that has a higher interest rate than a regular savings account. The main difference, between the two is the higher opening deposit required in a Money Market Account. At Nationwide, that deposit amount is $1,000. But once that grand is in the bank, you start earning.

Some of the features that Nationwide offers for their Money Market Accounts include 1.30% APY, a FREE order of checks, plus online services. And the services don’t end there! Each FREE Money Market Account statement is detailed with activity reports, FREE ATM cards when requested-which allows access to 37,000 Allpoint ATMs and 400,000 Visa/Plus ATMs all across the country… [Continue Reading - Nationwide beats National Average Rates in Money Market Accounts]