This is probably warm at best:
MyBankingDirect.com money market account (LINK).
3.40% APY, guaranteed until Oct 2005
$5000 to open
$25 bonus if $5000 is maintained for 3 months
More account conditions HERE.
Disclosure: I do not have any experience with them.
Edit: Add link to account conditions.
Minimum $5K
Tiered account
$5K and below earns 2.50%
Balances above 5K earn 3.4%
3 ATM fee refunds
thanks OP - I just went there looking for a CD and stumbled upon it...came here to post 
It seems fine.
But I can't find the Schedule of Fees on their website.
Especially I want to know whether there is a early closing fee!
$20.00 fee to close account not open 180 days.
Does anyone know anything about this bank?
mybankindirect is New York Community Bank. I did not deal with them yet but below is the info from the fdic web site :
Yes, New York Community Bank has been FDIC insured since 07/01/1943.
The certificate number is 16022
The main office is located at:
615 MERRICK AVENUE
WESTBURY , NY 11590
NASSAU county
It was established on 01/01/1859
I used to work for these people. They are notorious for dropping their rates after a few months. With a CD obviously this is not a problem, but I would think twice about opening a money market with them.
Thanks for the response. I took a chance and mailed an application and deposit. We'll see how it goes!
Why this when presidential pays 3.75% ?
Well, its a bit of a gamble, but IF:
opened with $5,000,
3.40%APY not dropped for 6-months,
$25.00 bonus paid at 90 days,
resulting APY 4.42%
https://form.mybankingdirect.com/Application/Disclosures/Schedule%20of%20Fees.pdf
https://form.mybankingdirect.com/Application/Disclosures/Privacy.pdf
https://form.mybankingdirect.com/Application/Disclosures/General%20Information.pdf
https://form.mybankingdirect.com/Application/Disclosures/Terms%20&%20Conditions.pdf
https://form.mybankingdirect.com/Application/Disclosures/Product%20Disclosure%20(Earn%20More%20Money%20Market).pdf
I'm taking a chance and giving this bank a try. Anyone willing to go with me?
Surely someone else is willing to give this bank a try.
im gonna wait and see
New yield is 3.55%, guaranteed until October 2005.
EDIT: link
iLoveTahoe said:New yield is 3.55%, guaranteed until October 2005.
No big deal since it is only 2 months and then they may drop to 1% but you are stuck for 3 months to get a bonus and for 6 months to avoid account closing fee.
..unless, of course, you got in back when guaranteed rate was >=3.4%, + $25 bonus...like I did
Finally, someone did go with me!
Already 3.75% for some time.
Does MyBankingDirect do a HARD credit check on you for opening a money market account?
Thanks.
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