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  East West Bank Premier Maximizer Money Market Checking Account

East West Bank Premier Maximizer Money Market Checking Account

in Money Market Accounts from East West Bank · fdic

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East West Bank Premier Maximizer Money Market Checking Account

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in Money Market Accounts from East West Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01% - 1%
APY Minimum Balance N/A
Minimum Opening Deposit Starting at $10,000

East West Bank Premier Maximizer Money Market Checking Account Review

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

Key Takeaways
  • Very high 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 Maximizer Money Market Checking Account
Pros Cons
  • High-interest yield.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Only available in 7 states.
  • Monthly service charge.
East West Bank Premier Maximizer Money Market Checking Account FAQ

Are money market accounts from East West Bank federally insured?

Yes, your East West Bank money market accounts 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).

East West Bank money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 1%

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

This account charges a monthly maintenance fee of up to $12. You can avoid this fee by maintaining a balance of $2,500.
East West Bank Premier Maximizer Money Market Checking Account Fees
Fees Amount
Monthly Fee up to $12
Paper Statement Fee N/A

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 .

What is the support contact email?

The support contact email for this business credit card is connect@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.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by East West Bank

Availability

  Available in 7 states
  • California
  • Georgia
  • Massachusetts
  • Nevada
  • New York
  • Texas
  • Washington

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $2,500
Minimum Opening Deposit Starting at $10,000
Monthly Fee $0 - $12
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01% - 1%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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