An E-Business Money Market Account that only requires $1,000 minimum opening deposit is being offered by First Chatham Bank at 2.50%APY. The APY applies to new or existing business checking account and acceptance of e-statements. Interest is compounded daily and interest earnings paid on all balances for accounts that enroll and accept electronic account statements.

There is a $10 monthly maintenance fee however you can avoid paying this fee by maintaining a  minimum daily balance of at least $1,000 or an average daily balance of $2,500. You will also be provided 3 free checks per month with $10 fee for each additional check.

Tags: high yield money market

Northpointe Bank is introducing one of its many products, a liquid high yield money market account. The high yield money market rate is accurate as of August 7, 2009 but may change any time.

Interested depositors will earn 2.00%APY on balances over $25,000 with no monthly fees. It also has an online savings benefits and features such as free electronic statements, free ATM Card, free online banking, 24/7 access, and FDIC insurance coverage.

In return, the bank will donate a case of water to the local American Red Cross for every new liquid account opened.

Tags: high yield money market