Offer at a glance
- Interest Rate:Â 2.25% APY, guaranteed for 90 days
- Minimum Balance:Â $25,000
- Maximum Balance:Â $499,999.99
- Availability:Â OH only
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Insured:Â FDIC
Contents
The Offer
- Heartland Bank is offering a rate of 2.25% APY on their money market account. It’s labelled as an introductory/teaser rate and requires a deposit of at least $25,000 (rate is valid on balances up to $499,999.99).
Our Verdict
If it wasn’t just a teaser rate then this would be the best high interest savings account currently available. Unfortunately it is a teaser rate and looks like the rate drops to 0.25% APY after this period. I don’t think chasing savings account rates are worth it and this is especially true when they are just introductory rates. Even if you had $100,000 in the account you’d only be earning an extra ~$65 compared to a 2% APY account. Better to grab another bank account bonus instead.