Bank 7 is currently offering residents of Oklahoma, Kansas and Texas a 1.50% APY when you sign up and open a new Money Market Account. For those that are interested, the bank is offering the generous rate on minimum daily balance of $5,000. Providing the balance would ensure you the attractive rate as well as a wide selection of account features to better your banking experience. Additionally, the monthly fee for your new account will be waived provided you have met the deposit amount for the month. If you are interested in bettering your banking experience, then I recommend you apply as soon as you can as the rate’s subjected to change.
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Bank 7 Account Summary:
- Apply Now
- Account Type: Money Market Account
- Rate: 1.50% APY
- Availability: OK, KS, TX (Branch Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know!
- Direct Deposit Requirement: No
- Additional Requirements: None
- Avoid Monthly Fee: $15.00 minimum balance charge per month if daily balance falls below $5,000
- Early Termination Fee: None listed
Bank 7 Account Features:
- Competitive, tiered variable rate of interest
- Debit Card (optional)
- Online Banking and Bill Pay
- Check and deposit images returned in eStatement
- Deposits are unlimited
- Unlimited withdrawals in person, at ATM, by mail, or by messenger at no charge
Bank 7 Fine Print:
- eStatements required
- Must provide the $5,000 opening deposit
- Maintain that amount to receive the stated rate
- Debit transactions on Money Market Accounts are limited by law.
- Preauthorized transfers or withdrawals are limited to six total per month.
- Third party withdrawals exceeding six per statement cycle have a $3.00 fee per withdrawal
Conclusion:
If you are a current resident of Oklahoma, Kansas or Texas and would like to start a new banking experience, then I recommend checking out what Bank 7 is offering! Residents can take advantage of the easy one time deposit of $5,000 and obtain a generous APY rate! Additionally, you will have access to all the features listed as well as being a part of a well trusted bank. However, it seems that the rate is not guarantee for much longer. If you are interested, I recommend you apply as soon as you can. However, if you are not currently interested, be sure to check out our list of best savings rates for all your saving needs!
