Bank of Hope’s money market accounts offer competitive rates. However, you will need to deposit a very high balance to qualify for the highest rate.
You will also have to deposit at least $25,000 in the Personal Prestige Money Market account, making this product out of reach for most consumers.
You can open a Personal Money Market account with $2,500, but you will earn less interest.
Offers competitive APYs for high balances.
You can write checks from the account; however, you will pay for them.
Requires a high minimum balance.
You will pay a $25 monthly fee if your balance in the Personal Prestige Money Market account falls below $25,000.