As Summer is just around the corner, banks across the nation are offering some of the highest rates available. With that said, Capital Bank is now offering a 1.61% APY for their Money Market Account. To get started with this rate, all you would need to do is have an opening deposit of $100 and deposit minimum of $50,000 to earn the high rate. Once you have done so, you will receive the fixed rate for a year as well as a wide range of account features to compliment your banking experience. How great is that! Are you currently interested? Please do not hesitate! I recommend you apply as soon as you can as the rate’s subjected to change.
Editor’s Note: The stated APY is available at branches operating as Capital Bank in South Florida. APY in other markets may vary.
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Capital Bank Money Market Account Summary:
- Apply Now
- Account Type: Money Market Account
- Rate: 1.61% APY
- Availability: FL, NC, SC, VA (Bank Locator)
- Expiration Date: None
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Direct Deposit Requirement: None
- Additional Requirements: See Below
- Avoid Monthly Fee: $10, can be waived if you maintain a $2,500 average daily balance during the statement cycle.
- Early Termination Fee: Please contact your local representative regarding termination fee
Capital Bank Money Market Account Requirements:
- Minimum balance of $100 is required to open the account. Only new funds qualify for the APY rate.
- 1.61% rate applicable to account balances of $50,000 for a year.
- After a year, standard rates will apply:
| Balance Requirement | APY Rate |
| $0-$9,999 | 0.05% APY |
| $10,000-$49,999 | 0.10% APY |
| $50,000-$99,999 | 0.15% APY |
| $100,000-$249,999 | 0.20% APY |
| $250,000-$499,999 | 0.25% APY |
| $500,000+ | 0.30% APY |
Capital Bank Money Market Fine Print:
- Offer is subject to change at any time without notice.
- Accounts opened online are not eligible.
- Service charges may reduce earnings.
- Not available to institutional investors.
- Cannot be combined with other offers.
Conclusion:
It is often difficult to select which account fits your needs the best. With a sea of bank rates, finding one that’s perfect for you isn’t as easy as it seems. However, with Capital Bank, you can do just that! With a new account, you can earn a generous rate just for meeting its deposit requirement. Additionally, with access to a range of account features, banking has never been easier. However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!
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