SunTrust Advantage Money Market Account
What’s a great rate on a money market account today?
It may be difficult to fathom, but anything over 1% is a screaming deal today due to the Federal Reserve’s anti-saver ulta-low interest rate policy.
If you live in Alabama, Florida , Georgia or parts of Tennessee you can find a money market rate of 1.10% APY from SunTrust Bank. The bank guarantees the rate for three months. This means that even if the Fed pulls another rabbit out of its hat to keep rates low, your money market rate will be close to the top in the country.
To earn the highest rates, you must also have an open SunTrust Banks checking account. The 1.10% APY is valid on balances from $25,000 to $999,999.99. Balances below $25,000 earn a lower rate. Funds held at SunTrust Bank are FDIC-insured up to $250,000 per depositor.