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
- 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.
