East West Bank Premier Money Market Account

East West Bank Premier Money Market Account Review

East West Bank Premier Money Market Account is offered by East West Bank, a bank founded in 1973 and based in Pasadena, CA. East West Bank Premier Money Market Account are available in 7 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1%, 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 $12, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum deposit. You must deposit a minimum of $10,000, which is high compared to most money market accounts.

Pros & Cons of East West Bank Premier Money Market Account

East West Bank Premier Money Market Account FAQ

Are money market accounts from East West Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for East West Bank money market rates?

East West Bank money market offers an APY starting at 0.01% and ranging up to 1% (APY stands for annual percentage yield, rates may change).

What are the fees for East West Bank Premier Money Market Account?

What is the minimum balance for East West Bank money market?

Minimum deposit of $10,000. You must make an initial deposit of at least $10,000 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 East West Bank money market offer?

This account includes the following features:

• Check Writing - East West Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - East West Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - East West Bank money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is (888) 895-5650.

What is the support contact email?

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

How to open an account with East West Bank

• Visit the East West 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.