[NH, ME] Federal Savings Bank: 1.75% APY Money Market Account ($75,000 Balance Required)

Offer at a glance

• Interest Rate: 1.75% APY
• Minimum Balance: $75,000
• Maximum Balance: FDIC insured up to $250,000
• Availability: Select counties in New Hampshire & Maine (Strafford, Rockingham, Carroll, Merrimack, York)
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Insured: FDIC

The Offer

Direct Link to offer

• Federal Savings Bank is offering 1.75% APY on their Premier Money Market account (minimum $75,000 deposit required)

Avoiding Fees

There aren’t any fees on this account as long as you stay within the federally required limit of 6 withdrawals per month.

Our Verdict

Rates continue to increase. Previous best rate was 1.65% on balances over $50,000. This account is slightly better at 1.75% but it does require an extra $25,000. It’s also not available nationwide. There are now quite a few basic savings accounts offering above 1.5% APY. The best value is in the rewards accounts offering up to 5% APY.  We’ll add this to our list of Best Savings Rates.