Rates Blog

Finance Blogs » Rates » Money market accounts in Long Island, New York

Money market accounts in Long Island, New York

By Mitch Strohm · Bankrate.com
Sunday, July 3, 2011
Posted: 3 pm ET

Gambling a bit on an up-and-coming stock can be enticing, but if you're really looking to save, a money market account is a safe bet. Money market accounts in Long Island, NY, are currently at an average of 0.16 percent, but many large national and online banks are offering rates above the national average.

A money market account offers the benefit of liquidity and safety with a yield that's better than other interest-bearing savings accounts. Look for money market accounts in Long Island, NY, and in cities across the nation.

Money market accounts in Long Island, New York

Here are the money market account rates in Long Island, NY, as of 5:30 p.m. on Friday.

Bank Institutions Intro Rate Intro Months Rate After Intro APY Min Bal Open Min Bal Avoid Fees Monthly Fees
Ally 0% 0 1.03% 1.04% $0 $0 $0
Citibank 0% 3 0.1% 0.1% $100 $1,500 $9.50
Wells Fargo 0% 0 0.05% 0.05% $100 $3,500 $10

Calculate your money market account rate with our savings calculator.

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
1 Comment