Last Updated: 04/18/2025
VirtualBank Money Market Savings Account
Unaffiliated
in Money Market Accounts from VirtualBank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Balance to Earn APY
Minimum Opening Deposit
VirtualBank Money Market Savings Account Review
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.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of VirtualBank Money Market Savings Account
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VirtualBank Money Market Savings Account FAQ
Are money market accounts from VirtualBank, a division of First Horizon Bank federally insured?
The deposits are insured by the Federal Deposit Insurance Corporation (FDIC). First Horizon and its banking division VirtualBank, are the same FDIC insured institution and deposits held by First Horizon or under its trade name VirtualBank, are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each ownership category. The FDIC certificate number is 4977 and is registered under First Horizon Bank. For additional information, visit the FDIC Website ('http://www.fdic.gov') or call them at 877-ASKFDIC (877-275-3342).What are the interest rates for VirtualBank Money Market rates?
| Rates | Amount |
| APY | 4.80% |
What are the fees for VirtualBank Money Market Savings Account?
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for VirtualBank Money Market?
What features and perks does VirtualBank Money Market offer?
- Mobile Banking Services - VirtualBank 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?
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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