FB&T Regular Money Market Review
FB&T Regular Money Market is offered by FB&T,
founded in 1934 and based in Perry, OK.
FB&T Regular Money Market is available in
1 state across the USA.
- Very high APY. This account offers an annual percentage yield of up to 0.25%, 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 $3, but the fee is waived if you keep a minimum balance of $1,500.
- $1,500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of FB&T Regular Money Market
- High-interest yield.
- Access to physical branches.
- Free debit card
- No charge on incoming domestic or international wire transfers.
- Deposit checks remotely.
- No signup bonus.
- Only available in one state.
- Monthly service charge.
FB&T Regular Money Market FAQ
Are money market accounts from FB&T federally insured?
Yes, your FB&T money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #13946). 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 FB&T Regular Money Market rates?
FB&T Regular Money Market offers an APY starting at 0.1% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).
FB&T Regular Money Market Rates and Terms
|APY (Annualized Percentage Yield)
||0.1% - 0.25%
What are the fees for FB&T Regular Money Market?
This account charges a monthly maintenance fee of up to $3.
You can avoid this fee by maintaining a balance of $1,500.
FB&T will charge you a $2 fee if you exceed your maximum number of monthly transactions.
FB&T will allow you to make up to 3 withdrawals or transactionss per month.
FB&T Regular Money Market Fees
||up to $3
|Paper Statement Fee
|Excess Transaction Fee
What is the minimum balance for FB&T Regular Money Market?
Minimum deposit of $1,500. You must make an initial deposit of at least $1,500 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,500.
What features and perks does FB&T Regular Money Market offer?
This account includes the following features:
- Fraud monitoring - FB&T monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - FB&T Regular 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.
How to open an account with FB&T
- Visit the FB&T 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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