There seems to be information in the rate thread as well as the Superior Money Market thread so I thought I would start this thread to have one place for the Incredible Money Market account.
I had fairly good experiences with their Superior Money Market and FReD accounts. The only bad part was they never raise their rates to keep up with market conditions, they just introduce another account. They have had FRed, Superior Savings Amazing Money Market, Superior Money Market and now their Incredible Money Market.
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posted: Mar. 19, 2006 @ 7:31p
newgrannie
Senior Member
posted: Mar. 20, 2006 @ 11:07a
"The only bad part was they never raise their rates to keep up with market conditions, they just introduce another account. They have had FRed, superior Savings Amazing Money Market, superior Money Market and now their Incredible Money Market"
Except now you can just upgrade your existing account by calling them and requesting an upgrade
Wish they would increase rates on current accounts instead of offering more new accounts. I am more likely to move money out of my 4.50% APY money market account than add funds to it to get it over 100K. Adding higher rate tiers at 50K and 100K to current account would have been better, IMHO.
Can someone clarify for me. Do they pay 5% on the entire balance if you're over 100K or just on the portion over 100K. If htat's the case, then you are saying they pay 3.44 on the first $99999?
in other words If I deposit $100,001
do I earn $100,001 *.05 in the first year or
($99,999.99 * .0344) + ($1.01 * .05)?
Thanks in advance!
Bluezy
Graceful Member
posted: May. 18, 2006 @ 3:41a
Over 100K in a single account? I'd look twice. FDIC insurance is only up to a certain amount unless it is a jointly held account.
I research this further to be safe. Cheers!
RS4Rings
Back in Rehab
posted: May. 18, 2006 @ 5:33a
Bluezy said: Over 100K in a single account? I'd look twice. FDIC insurance is only up to a certain amount unless it is a jointly held account.
I research this further to be safe. Cheers! Joint is not the only option, Just list two beneficiaries and you get 200k insured
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