Local New Jersey Bank, Grand Bank N.A. has lowered their interest rates on personal money market accounts to a still competitive 1.75% APY. A minimum deposit of $50,000 is required to qualify for the highest money market interest rate offered by Grand Bank. Additional terms include:
- APY quote “assumes interest remains on deposit”
- FDIC insured to $250,000
APY structure is tiered as follows:
- $2,500 to 9,999.99 0.50% 0.50%
- $10,000 to $24,999.99 0.50% 0.50%
- $25,000 to $49,999.99 1.29% 1.30%
- $50,000 or more 1.73% 1.75%
Grand Bank in New Jersey is a fairly new addition to the banking scene. The financial institution history dates back toMarch 1, 2002. They are headquartered at 1 Edinburg Road, Hamilton, New Jersey.
>>Money Market Account Rates
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