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SunTrust Advantage Money Market Account - Key Details and Interest Rates
By Divya Kannan

One of the famous schemes of SunTrust Bank is SunTrust Advantage Money Market Account. It has many features and benefits. Online banking option is available. So the application can be submitted in online itself. The account can be accessed at any time. Security and connectivity is increased due to online banking. Moreover, time is also saved.

Rate of Interest is different for various balance ranges. The various annual percentage yield is listed below here.

Rate of Interest for SunTrust Money Market Account:

0.05% APY is provided for $0.01 to $10,000. 0.10% APY is offered for $10,001 to $25,000. 0.25% APY is provided for $50,001 to $100,000. 0.30% APY is offered for $100,000 to $250,000. 0.40% APY is offered for $250,001 to $1 Million. Since the gain of the bank varies for different amount, the rate of interest also varies. The APY is more for high balance ranges.

Key Details and Eligibility Criterion:

There is eligibility criterion for opening this account. The applicant should hold a personal checking account for opening this account. Other details are listed below here.

• There is no maintenance fee, if the balance is maintained properly.
• If the balance is not maintained properly, there will be maintenance fee. The fee will be around $15.
• The minimum opening deposit balance is $100.
• The minimum Daily Collected Balance is $5,000.
• The excessive withdrawal fee is around $15.
• FDIC Insurance Coverage is also available here. It is provided for security reasons.

Click here----> To start a SunTrust Money Market. Get to know about the SunTrust Interest Rates

Divya Kannan

Article Source: http://EzineArticles.com/?expert=Divya_Kannan
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