CFG Bank Money Market Account
CFG Bank
Annual Percentage Yield (APY)
3.80% APY
Monthly Fee
$10
Welcome Bonus
N/A
Apply Now →on CFG Bank's website
Transaction limit:Daily withdrawal limit of $5,000
Minimum Deposit:$1,000
Annual Percentage Yield (APY):
3.80% APY
Welcome Bonus: N/A
Monthly Fee:
$10
Minimum Deposit:
$1,000
Transaction Limits:
Daily withdrawal limit of $5,000
The CFG Bank Money Market Account shines for its competitive 3.80% APY, which is accessible with a minimum deposit. A key differentiator is the requirement to maintain a minimum balance to avoid monthly fees, making it a solid option for those who can meet this threshold.
Pros:
- Competitive APY
- No fees with minimum balance
Cons:
- Monthly fee if balance is below $1,000
- Minimum deposit required
In conclusion, the CFG Bank Money Market Account is an excellent choice for savers who can maintain the minimum balance to avoid the monthly fee, benefiting from its attractive 3.80% APY. It suits individuals looking for a high-yield option while being mindful of account requirements.