VirtualBank Jumbo eMoney Market Account Review

VirtualBank Jumbo eMoney Market Account is offered by Virtual Bank, a bank founded in 2009 and based in Trenton, NJ. VirtualBank Jumbo eMoney Market Account is available in 50 states (and Washington, DC).

Are money market accounts from Virtual Bank federally insured?

Yes, your Virtual Bank 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 VirtualBank Jumbo eMoney Market Account rates?

VirtualBank Jumbo eMoney Market Account offers an APY starting at 0.25% and ranging up to 0.90% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $.01.

What are the VirtualBank Jumbo eMoney Market Account fees?

Federal regulations limit the number of transactions you can make from your money market account to six per month.

What is the minimum balance for VirtualBank Jumbo eMoney Market Account?

No minimum initial deposit. Virtual Bank does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $100. You can avoid the monthly fee if you keep a minimum balance $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 Jumbo eMoney Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with Virtual Bank

• Visit the Virtual Bank 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.