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If you are searching for a place to keep a good chunk of your funds and earn some interest, you can benefit from money market accounts. Banks in Nebraska offer residents a wide range of money market accounts to choose from. The challenge is finding the right account for you.
A high-interest rate or annual percentage yield (APY) is the main selling point for money markets accounts. A higher rate maximizes the rate of return on every dollar saved. Apart from the interest rate, look out for an account with low monthly and transactional fees.
Another factor to consider is the minimum account requirements. This includes a minimum initial deposit and potentially maintaining a minimum account balance. Most accounts offering a high APY but also have high minimum requirements.
Ease of access, especially if you are saving for an emergency fund, is important. The access goes both ways, including ease of withdrawal and ease of making deposits. Whether it’s check-writing capabilities, ATM, online, or mobile access, find an account with the features you need.
To assist you with the process, we reviewed some of Nebraska’s best money market accounts. Use our comprehensive review to find the most suitable match for you today.
This is a great money market account which acts like a checking account in some aspects.
It comes with a debit card and check writing privileges but be careful not to go over the monthly limit of 6 transactions. Per transaction above the limit will be expensive, around $10 per transaction.
This money market account comes with a low intial deposit of $100 to open the account and comes with no monthly fees. Interest is compounded daily and paid monthly.
You'll earn the current APY rate regardless the amount you deposit in the account - there is no tiered system.