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Simon's Profile Image
on Aug 11th 2011

Incredible Bank Changes Rate Tiers on Money Market Account

Incredible updated the tier structure on its MMA.

For balances of $2,500-$249,999, earn 1.25% APY. For balances of $250,000 and more, earn 0.80% APY. Average collected balances below $25,00 will result in a monthly fee of $10.

Previously:

For balances of $0-$100,000, earn 1.15% APY. For balances of $100,001-$249,999, earn 1.25% APY. For balances of $250,000 and more, earn 0.80% APY.

Essentially, it is now easily to earn the highest rate but you face a fee for a low balance.

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