Available nationwide, the OptimumBank Money Market Deposit Account offers 5.21% APY on your funds.
Update 5/8/24: The rate has decreased to 5.21% APY (from 5.23%).
OptimumBank Money Market Deposit Account Review
OptimumBank was founded to buck the trend of mega-banks and offer local investors the option for a true community bank.
As a community bank, OptimumBank is focused on offering traditional in-person banking for both businesses and consumers in South Florida. Through this local banking solution, customers have found that not only are they saving on the fees that larger banks can charge, but that OptimumBank has unparalleled expertise in real estate and commercial lending.
I’ll review the OptimumBank Money Market Deposit Account below.
OptimumBank Money Market Deposit Account Rate
To easily earn OptimumBank’s competitive rate, start by opening their Money Market Deposit Account.
- Learn More
- What you’ll earn: 5.21% APY
- Eligible account: Money Market Deposit Account
- Credit inquiry: Hard Pull or Soft Pull? Let us know
- Where it’s available: Nationwide
- Opening Deposit: $1
- Monthly fee: None
- Early Termination Fee: Not listed
(FDIC Insured)
How to Earn Rate
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
| Balance Requirement | APY Rate |
| $0.01+ | 5.21% APY |
Account Features
- FDIC insured. No fees. $1 minimum deposit.
- 24/7 online access to funds.
- A true community bank
 |
 |
Conclusion
Building a savings during this time in day has gained a lot of importance. Build your savings and emergency fund with this account offering a high, competitive rate.
Let us know about your experience with this bank and comment below.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
