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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: OT : ING Direct||Date: 6/24/2002 2:28 PM|
|Author: Protomolly||Number: 131658 of 309066|
"NetBank offers 2.75% APY on a money market account. $100 minimum to open, no minimum balance"
Look at their fee structure (http://www.netbank.com/investments_moneymarket.htm). If you have a balance less than $250, they charge a $5 fee per month and they charge $10 per action if you make more than 6 withdrawals or use more than 3 checks in any monthly cycle.
That's because it's a Money Market account and they don't want you to use it as a checking account. But we are talking about using it for an e-fund, not something you make a lot of transactions in.
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