Best Savings Account Rates

Sun Trust bank is one of the well known banks. There are numerous features and benefits in this bank. Savings account is one of them. There are various categories in savings account. Sun Trust Money Market is one among the best. Various features of this account are listed below here.

Sun Trust Money Market Features:

• It has FDIC Insurance protection.
• Online banking facility is available.
• There is no minimum withdrawal charge for accessing money. The money can be accessed anywhere at any time.
• The rate of interest is accurate and high. It adds lot of value to the money.

Sun Trust Money Market Account Requirements:

There are certain requirements for opening this account. The various requirements are listed below here.

• The applicant should hold a personal checking account.
• The minimum opening deposit balance should be $100.
• Minimum Daily Collected Balance should be $5000.
• There is no monthly maintenance fee. If the balance amount is maintained only, there is no monthly maintenance fee.
• $15 is charged for monthly maintenance fee, if the balance is not maintained.
• $15 is charged for excessive withdrawal amount.

This account has different rate of interest for different balance ranges. The different rate of interest is listed below here.

Sun Trust Money Market Account Rate of Interest:

• $.01 to $2,499.99 - 0.05% APY
• $2,500 to $9,999.99 - 0.05% APY
• $10,000 to $24,999.99 - 0.10% APY
• $25,000 to $49,999.99 - 0.20% APY
• $50,000 to $99,999.99 -  0.25% APY
• $100,000 to $249,999.99 - 0.30% APY
• $250,000 to $499,999.99 - 0.40% APY
• $500,000 to $999,999.99 - 0.40% APY
• $1 Million or more- 0.40% APY

The Annual Percentage Yield is different for various balance range, because the amount value varies. Moreover the term of period will change, so the APY is different.