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Topic: Northern Bank Direct offers 1.26% APY on Money Market Account

Northern Bank Direct offers 1.26% APY on Money Market Account from 1.05%.
Annual Percentage Yield (APY) effective as of 7/25/17. The rate may change after the account is opened. Fees may reduce earnings on the account. Minimum balance of $25 to open.
Money Market average daily balances from $.01 to $250,000.00 earn the advertised 1.26% rate. Money Market average daily balances between $250,000.01 and $1,000,000.00 earn an interest rate of 0.75% resulting in a blended APY between 1.26% and 0.88%.
Money Market average daily balances greater than $1,000,000.00 earn an interest rate of 0.01%, resulting in a blended APY between 0.88% (for average daily balances just over $1,000,000.00) and 0.18% (for an average daily deposit balance of $5,000,000.00). Up to 6 transfers per month to another account with us or to a third party by means of a preauthorized or automatic transfer including transfers pursuant to an overdraft plan, telephone or internet banking agreement, order or instruction, or by draft, check, ATM card or similar order made by you and payable to third parties ($20.00 per excessive transaction fee).
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