offers the best Money Market rate above major online
banks including Giant Bank, Net Bank, MBNA America
Bank, IndyMac, Zions Bank, MetLife Bank, and more!
Featured in Bankrate as the top tier 100 Highest Yields.
- Rates currently way above the market average
- Current interest rate is at 2.53% APY* (the eMoney Market Rate back on 9/11/07 was well over 5% so they keep up with the highest of the banks online)
- Opportunity to apply for a eMoney market account,
auto loan, or compare mortgage loan rates
- NO Monthly Fees
- $100 Minimum
- Jumbo MMA; $25,000 MMA; $50,000 MMA
- Free online transfers to and from your local bank's
personal checking account
- FDIC Insured up to $100,000
- Free online statements
- Money Market Rates that consistently lead the nation
- You may connect up to 4 personal checking accounts
to this account
- Compare to ING
Direct money market or earn high interest with a Citibank E-Savings account
VirtualBank is a online bank and lender that is noted
for their high yield interest money market accounts.
Unlike traditional banks, VirtualBank has developed
in-house banking system with a single service interface
and back office databases that allow their personal
bankers the ability to consolidate accounts and provide
personalized service while still protecting your privacy.
Money magazine awarded VirtualBank the best online bank
in 2000. Virtual Bank offers mortgage rates far below
traditional banks just like their money market accounts
are among the highest yields. Check out low
mortgage rates or auto loan offers from VirtualBank.
Can I earn more with a money market account
compared to a regular savings or checking account?
YES. This is a question asked by many that is easy to
answer... each month when you look at the bottom of
your online banking statements and see how much money
you have made in interest you will be amazed that you
did not move over to this kind of an account before.
I started up my first money market account when I was
in college it was with a bank now owned by Bank One.
I had switched at that time over from a local bank who
had interest around 0.25% to the Liberty T-bill account
which made me a pretty penny at around 5% at that time.
It is amazing how much money you can make just by having
money sitting in your bank off the interest if you KNOW
what account to invest your money into. Money Market
Accounts tend to have a higher interest than regular
What is the catch of a money market account?
There is only one main caution you must keep in mind
when opening a money market account is to keep some
money in checking or liquid like account. The reason
is that most money market accounts only allow you to
write up to three checks a month or withdraw up to three
times. My current account that I have with VirtualBank
is a money market account where I have my checks or
income directly deposited then transfer a certain amount
per month from my money market to a checking account
where I am free to pay bills online and have as many
withdrawals as needed.
The bottom line is putting money in a money market
account in a virtual or online bank is just like investing
without the risk. You get the benefits of the higher
interest rates and will not have to worry about company
shakeups or CD's that tie up your money.
Our Money market partner VirtualBank is called Virtual
because its a premier online bank. Do not let the name
virtual fool you to think it does not supply the great
services that any brick and mortar bank can provide
over the phone or through their web site. It is a FDIC
insured money market and established popular internet
brand listed on many popular financial web sites. If
you have anything you would like to add about VirtualBank,
ING Direct, Netbank or any of the leading online Money
Markets be sure and email us at webmaster(at)banklady.com.
Also, feel free to send us your suggestions or tips
for the best money market or e-banking programs.
Virtual Bank (Virtualbank.com)
Routing Number: 067092200
Phone: 1-877-998-BANK (M-F, Saturday, Closed Sunday)
P.O. Box 109638
Palm Beach Gardens, FL 33410
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