You'll need at least $25,000 to open the Ascent Money Market Savings account. To earn the highest APY, you will need to keep a daily balance of $250,001 or more. For most, those barriers are steep. There is no monthly service fee, however.
Unfortunately, the account doesn’t have check-writing privileges. But if you intend on letting this money grow and not touching it, this omission could be thought of as a good feature in that it’s harder to spend this money.
It offers a competitive APY.
You need to open the account in a branch.
There’s no monthly service fee.