Available nationwide, IncredibleBank is offering a rate of 0.54% APY when you open an Money Market Account with an opening deposit of $100. Continue reading below to learn everything you need to know about IncredibleBank.
About IncredibleBank Money Market
IncredibleBank, an online bank that is insured by FDIC, opened in 2009 as one of the early internet-only banks. Their goal is not only to be an online bank with great interest rates, but also to provide secure banking and high touch customer service online.
They are now rated a Top 10 Digital-Only Bank where online banking is made easier and more convenient.
I’ll review IncredibleBank Money Market Account below.
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IncredibleBank Online Savings Rate
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To earn this generous rate, just maintain the minimum deposit to meet the monthly balance requirement and you can earn the high rate that apply to all balances.
- Account Type: Money Market Account
- Interest Rate: 0.54% APY
- Availability: Nationwide (Branch Locator)
- Minimum Balance: $300,000
- Maximum Balance: None
- Credit Inquiry: Soft pull
- Opening Deposit: $100
- Credit Card Funding: None
- Direct Deposit Requirement: None
- Monthly Fee: Can be waived by enrolling in eStatements
- Early Termination Fee: $10, if closed within 90 days
(FDIC Insured)
IncredibleBank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | $10,000 | ? | |
| Pull | ? | $50,000 | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with IncredibleBank’s ACH capabilities.
How to Earn IncredibleBank Rate
- Open a Money Market account from IncredibleBank with minimum deposit of $100.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 0.54% APY for balances of $300,000 or more.
| Balance Requirement | APY Rate |
| $300,000 | 0.54% APY |
Why You Should Sign Up For This Account
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- Manage your accounts at your leisure from your computer, tablet or mobile device
- All deposits are FDIC insured to the maximum amount allowed by the law
Bottom Line
For those of you looking for a savings account with a high APY rate, look no further as IncredibleBank’s Money Market Account offers a high APY Rate. If you meet the minimum balance of $300,000, you can start gaining interest at a high rate as soon as they post to your account. Let us know about your experience with this bank and comment below.
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