Zions Bank 4.96% APY High Yield Money Market

Zion Bank’s Desert Money Market Account is offering a high yield variable rate of 4.96% for $50,000 and 5.02% for $100,000 and above deposits. The account features unlimited withdrawals from the account through ATM, mail, messenger or funds tranfer to your checking account via Internet Banking. Six monthly transfers (authorized, pre-authorized, automatic tranfers) can be made, as required by the state. However, of these transfers, three are limited to transfer through debit card, cheque or draft.

Zions First National Bank is a subsidiary of Zions Bancorporation which operates through over 500 offices and 600 ATMs in 10 Western states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington.

If you are looking for investing for higher APY’s with unlimited cheque writing and greater account liberty? Then you should try Zions Bank’s high yield checking account which closes the gap between checking accounts and money market accounts. For $2,500+, the yields are high and competitive with any other money market accounts. You can compare its rate with regular money market rates here.

Although at first glance the rates may seem low but once you look at its features, the rates sound very reasonable.
1. Unlimited cheque writing facility.
2. Availability to free Check Card
3. Availability to deposit and withdrawal through ATM
4. Over draft protection
5. Free internet bill service
6. Free internet banking
7. Unlimited Customer Service through toll-free number

This account requires only a minimum deposit of $1000. If balance is maintained, there is no monthly fee. The interest rates are compounded daily and paid monthly. Moreover, the withdrawals can be unlimited through ATM. Telephone transfers and withdrawals through teller window would cost $3. The facility to freeBusiness Essential Banking adds to customer’s convenience. However, the withdrawals are fixed to six transfers per month. No more than three transfer may be through check, draft, or debit card. Customers can apply to open an account here.