Offer at a glance
- Interest Rate: 2.41% APY
- Minimum Balance: $100 to open
- Maximum Balance: None
- Availability: Nationwide
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $500, Visa, Discover, and Mastercard only
- Monthly fees: $10, avoidable
- Insured: FDIC
The Offer
- Earn Bank is offering 2.41% APY on the money market account
Avoiding Fees
This account has two large fees:
- $10 monthly maintenance fee, this is waived with a $10,000 minimum average daily balance
- $25 paper statement fee, waived if you switch to paperless statements
Our Verdict
Other savings accounts offer higher yields, although this is one of the top current rates. The downside is that you need $10,000 deposited to waive the monthly fee and we don’t know whether it’s a hard or soft pull to open.
Hat tip to reader Tim K
