CFG Bank High Yield Money Market Account

CFG Bank High Yield Money Market Account Review

CFG Bank High Yield Money Market Account is offered by CFG Bank, founded in 1997 and based in Baltimore, MD. CFG Bank High Yield Money Market Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.10%, which is much higher than the national average for a money market account.
• No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
• Charges a monthly fee. This account charges a monthly service fee of up to $10.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of CFG Bank High Yield Money Market Account

CFG Bank High Yield Money Market Account FAQ

Are money market accounts from CFG Bank federally insured?

No, your CFG Bank money market accounts are not insured by a federal insurance agency. This means that if CFG Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for CFG Bank High Yield Money Market Account rates?

CFG Bank High Yield Money Market Account offers an APY of up to 3.10% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the fees for CFG Bank High Yield Money Market Account?

What is the minimum balance for CFG Bank High Yield Money Market Account?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

What features and perks does CFG Bank High Yield Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

What is the customer service phone number?

The customer service number for this business card is (410) 823-0500.

What is the support contact email?

The support contact email for this business credit card is customerservice@cfg.bank.

How to open an account with CFG Bank

• Visit the CFG Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.