Available nationwide, Envision Bank Preferred Plus Money Market is offering a staggering 2.35% APY Rate. Continue reading below to learn everything you need to know about Envision Bank.
About Envision Bank Preferred Plus MMA
Envision Bank was first opened in 1851 as Randolph Savings Bank. For over 150 years, they have been providing individuals, families, homeowners, and businesses in their community a wide variety of products that are convenient and hassle-free.
They are proud to deliver quality banking solutions to our customers via six full service branch locations located in Boston and the south shore community, ten lending centers that serve Massachusetts, Rhode Island, and southern New Hampshire, and robust online and mobile banking tools that make banking with Envision Bank easy.
I’ll review Envision Bank Preferred Plus Money Market below.
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Envision Bank Preferred Plus MMA 2.35% Rate
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To earn Envision Bank’s competitive rate, simply have an opening deposit of $25,000. That’s all it takes and you’ll get to enjoy earning the 2.35% rate.
- Account Type: Preferred Plus Money Market Account
- Interest Rate: 2.35% APY
- Minimum Balance: $50,000
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- ChexSystems: None
- Opening Deposit: $25,000
- Credit Card Funding: None
- Monthly Fee: None Listed
- Early Termination Fee: $20 Early Closure Fee if account is closed within 90 days of opening
(FDIC Insured)
Envision Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with Envision Bank’s ACH capabilities.
How to Earn Envision Bank Rate
- Open a Preferred Plus Money Market account from Envision Bank with an opening deposit of $25,000.
- Maintain a $50,000 balance amount and earn the 2.35% APY rate.
| Balance Requirement | APY Rate |
| $10,000 – $24,999 | 0.50% APY |
| $25,000 – $44,999 | 0.50% APY |
| $50,000+ | 2.35% APY |
Why You Should Sign Up For This Account
- Interest is compounded daily
- FDIC insured up to $250,000
- Only $25,000 minimum to open
- Earn 2.35% APY rate on any balance
Bottom Line
Envision Bank is offering a great rate of 2.35% APY placing them at the top of the list out of the money market accounts available nationwide. This Money Market Account makes it simple to earn high-yield savings with relatively low balance requirements.
Keep in mind to keep the account active otherwise a $10 monthly dormancy fee will occur if there has been no activity for 12 months.
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