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OptimumBank Money Market Deposit Review: 5.21% APY (Nationwide)

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OptimumBank Money Market Deposit Review Raisin

Available nationwide, OptimumBank Money Market Deposit is offering a 5.21% APY Rate.

Update 5/8/24: The rate has decreased to 5.21% APY (from 5.23%).

About OptimumBank Money Market Deposit

OptimumBank was founded to buck the trend of mega-banks and offer local investors the option for a true community bank.

As a community bank, OptimumBank is focused on offering traditional in-person banking for both businesses and consumers in South Florida. Through this local banking solution, customers have found that not only are they saving on the fees that larger banks can charge, but that OptimumBank has unparalleled expertise in real estate and commercial lending.

I’ll review the OptimumBank Money Market Deposit account below.

Balance Requirement APY Rate
$1 5.21% APY

OptimumBank Money Market Deposit Rate

  • Learn More
  • Account Type: Money Market Deposit
  • Interest Rate: 5.21% APY
  • Availability: Nationwide
  • Minimum Balance: None
  • Maximum Balance: None
  • Credit Inquiry: Hard Pull or Soft Pull? Let us know
  • Opening Deposit: $1
  • Credit Card Funding: Unknown
  • Monthly Fee: None
  • Early Termination Fee: None listed, check with CSR
Learn More at OptimumBank

(FDIC Insured)

FEATURED BANK RATES
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Grand Bank Money Market 4.20% APY + $500 BonusReview
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Liberty Savings Bank Savings4.01% APY + $500 BonusReview
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Blue Federal Credit Union Money Market 4.00% APY + $500 BonusReview
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Discover Bank Online Savings 3.70% APYReview
RBMAX High Yield Savings3.66% APY + $500 BonusReview
Discover Money MarketUp to 3.65% APYReview
State Exchange Bank High-Yield Savings3.10% APY + $500 BonusReview

OptimumBank 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 OptimumBank’s ACH capabilities.

How to Earn OptimumBank Rate

  1. Open a Money Market Deposit account from OptimumBank with an opening deposit of $1.
  2. Maintain any balance amount over $1 and earn the 5.21% APY rate.

Why You Should Sign Up For This Account

  • FDIC insured. No fees. $1 minimum deposit.
  • 24/7 online access to funds.
  • A true community bank

Bottom Line

Check out OptimumBank and open a Money Market Deposit account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.

Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

For more bank offers, see the complete list of Best Bank Rates!

Check back often to see the latest info on the OptimumBank Money Market Deposit.

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Filed under: Bank Rates

Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

About Danny Nguyen

Danny Nguyen has a keen sense in how to save and make money while being as frugal as possible. With this, he is committed to passing on this knowledge and skills to our readers. Outside of work, Danny enjoys helping and giving back to the community, reading, working out, and spending time with what matters most - family!

View all posts by Danny Nguyen

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Editorial Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.