Sunrise Banks Money Market Account
in Money Market Accounts from Sunrise BanksUnaffiliated
|APY||0.01% - 2.0%|
Sunrise Banks Money Market Account Review
Sunrise Banks Money Market Account is offered by Sunrise Banks, a bank founded in 1962 and based in Saint Paul, MN. Sunrise Banks Money Market Account is offered in 1 state across the USA.
Are money market accounts from Sunrise Banks federally insured?
Yes, your Sunrise Banks 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 Sunrise Banks Money Market Account rates?
Sunrise Banks Money Market Account offers an APY starting at .01% and ranging up to 2.0% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.
|APY (Annualized Percentage Yield)||.01% - 2.0%|
What are the Sunrise Banks Money Market Account fees?This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $30,000. Sunrise Banks will charge you a $1 fee if you exceed your maximum number of monthly transactions.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Monthly Fee||up to $15|
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$1|
What is the minimum balance for Sunrise Banks Money Market Account?
No minimum initial deposit. Sunrise Banks does not require a minimum initial deposit to open an account.
Monthly maintenance minimum balance of $30,000. You can avoid the monthly fee if you keep a minimum balance $30,000.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.
What features and perks does Sunrise Banks Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with Sunrise Banks
- Visit the Sunrise Banks 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.