New Dominion Direct now features their own Money Market Accounts. The minimum to open a money market account is $3,000 so you will easily be able to see your balance growing. The high money market rates run about 1.30% APY and 1.29% as the interest rate. However, even though you can see the digits adding up, you will not recieve the compounded interest until the end of the month, much like any other bank. In order to capitalize on your compounded interest, it is recommended to maintain a $3,000 minimum deposit or the $5,000 average daily balance. If you cannot meet this standard, then a $15 fee will be charged. Another precaution to [Continue Reading - NewdominionDIRECT.com "sums" up High Yield Money Markets]