The yield on Valley National's Premium Money Market account is barely above the national average and well below what you can find if you shop around. It does pay a better APY if you link the account to a Select Checking account. But the minimum deposit for the MMA is a stiff $25,000 and the minimum balance to avoid a $25 monthly service fee is $10,000.
It comes with free mobile and online banking and bill pay.
The account is available only to residents of Alabama, Connecticut, Delaware, the District of Columbia, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia.
The Premium Money Market requires a minimum opening deposit of $25,000.
You must maintain an average daily balance of at least $10,000 to avoid a $25 monthly service fee.
The account is available only to residents of certain states.