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Last Updated: 04/18/2025

VirtualBank eMoney Market Account

in Money Market Accounts from VirtualBank

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

Up to 4.80%(Verified 06/21/2024)

Minimum Balance to Earn APY

$0.01

Minimum Opening Deposit

Starting at $100

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VirtualBank eMoney Market Account Review

VirtualBank eMoney Market Account is offered by VirtualBank, a bank founded in 2009 and based in Palm Beach Gardens, FL. VirtualBank money market account are available in 50 states and Washington, DC.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.80%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
  • Charges a monthly fee. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$100.
  • Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of VirtualBank eMoney Market Account

VirtualBank eMoney Market Account FAQ

Are money market accounts from VirtualBank, a division of First Horizon Bank federally insured?

Yes, your deposits are insured 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 VirtualBank money market account rates?

What are the fees for VirtualBank eMoney Market Account?

This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $100.

What is the minimum balance for VirtualBank money market account?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $100.
Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does VirtualBank money market account offer?

This account includes the following features:
  • Fraud monitoring - VirtualBank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - VirtualBank money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is (877) 998-2265.

How to open an account with VirtualBank

  • Visit the VirtualBank 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

PO Box 109638
Palm Beach Gardens, FL 33410
Visit Site

Hours of Operation

Sunday
Closed
Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
Closed

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