Exchange Bank and Trust Money Market Account

Exchange Bank and Trust Money Market Account Review

Exchange Bank and Trust Money Market Account is offered by Exchange Bank and Trust, a bank founded in 1856 and based in Atchison, KS. Exchange Bank and Trust Money Market Account are available in 1 state across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.2%, 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.
• $0 monthly fee. This account does not charge any monthly account fees.
• $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of Exchange Bank and Trust Money Market Account

Exchange Bank and Trust Money Market Account FAQ

Are money market accounts from Exchange Bank and Trust federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4619). 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 Exchange Bank and Trust money market rates?

Exchange Bank and Trust money market offers an APY starting at 0.05% and ranging up to 0.2% (APY stands for annual percentage yield, rates may change).

What are the fees for Exchange Bank and Trust Money Market Account?

Exchange Bank and Trust Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Exchange Bank and Trust money market?

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

What features and perks does Exchange Bank and Trust money market offer?

This account includes the following features:

• Check Writing - Exchange Bank and Trust money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - Exchange Bank and Trust monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Exchange Bank and Trust 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 (913) 367-6000.

What is the support contact email?

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

How to open an account with Exchange Bank and Trust

• Visit the Exchange Bank and Trust 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.