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  City National Bank Money Market Account
City National Bank Money Market Account Unaffiliated

City National Bank Money Market Account

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.15%
Minimum Balance to Earn APY N/A
Minimum Opening Deposit Starting at $2,500

City National Bank Money Market Account Review

City National Bank Money Market Account is offered by City National Bank, founded in 1972 and based in Beverly Hills, CA. City National Bank Money Market Account is available in 7 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.15%, 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 $20, but the fee is waived if you keep a minimum balance of $2,500.
  • High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of City National Bank Money Market Account
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in 7 states.
  • Monthly service charge.
City National Bank Money Market Account FAQ

Are money market accounts from City National Bank federally insured?

No, your City National Bank money market accounts are not insured by a federal insurance agency. This means that if City National 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 City National Bank money market account rates?

City National Bank money market account offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

City National Bank money market account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.15%

What are the fees for City National Bank Money Market Account?

This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $2,500.

City National Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

City National Bank Money Market Account Fees
Fees Amount
Monthly Fee up to $20
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for City National Bank money market account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

What features and perks does City National Bank money market account offer?

This account includes the following features:

What is the support contact email?

The support contact email for this business credit card is contact@cnb.com.

How to open an account with City National Bank

  • Visit the City National 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.
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Availability

  Available in 6 states and Washington, D.C.
  • California
  • Washington, DC
  • Georgia
  • Minnesota
  • Nevada
  • New York
  • Tennessee

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Opening Deposit Starting at $2,500
Monthly Fee $0 - $20
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
APY (Annual Percentage Yield) 0.05% - 0.15%

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City National Bank Money Market Accounts

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