|
Online My Dream Money Market Account
This flexible account allows you to accrue interest on your balance and also allows for limited check writing. Sweep additional funds from your regular checking account and place them in a money market account to earn interest on those funds.
Features and Benefits:
- $1,000.00 minimum opening deposit
- Access to funds unlike CD accounts1; over 32,000 surcharge-free ATMs nationwide2
- Earn interest on entire money market account balance; higher balance tiers may earn greater interest rates
- Interest is compounded monthly and credited to your account on the last day of each month
- The account can be linked with a checking account to sweep the excess balance from the checking account to maximize interest earnings
Free Services:
- Internet banking
- Customer call center
- Debit Card1,2
- 24/7 Telephone Banking
Current Interest Rates
|
Amount
|
Interest Rate
|
APY*
|
|
$1,000~$24,999
|
2.50%
|
2.53%
|
|
$25,000~$49,999
|
2.75%
|
2.78%
|
|
$50,000~$99,999
|
2.75%
|
2.78%
|
|
$100,000~Over
|
3.00%
|
3.04%
|
*APY = Annual Percentage Yield and interest rate are accurate as of and subject to change without prior notice. Fees could reduce earnings on the account.
Minimum balance to obtain disclosed APY is $1,000 and above.
Please refer to the online disclosures for the detailed the terms and conditions of each online deposit product.
Other terms and fees may apply and are subject to change without prior notice except as required by law. Refer to product disclosure for complete list of fees or contact a Customer Account Representative for further assistance.
1 Transfer of funds from this account to another or to a third party by preauthorized, automatic, or telephone transfers are limited to six (6) per month and also limited to three (3) by check, draft, or similar method. Each debit in excess of limitation will be imposed a $10.00 fee. Branch Transaction fee of $10.00 per each branch visit-assisted transaction will be imposed. Nara Bank reserves the right to convert your account to a non-interest bearing account or to close the account if limitations are violated frequently.
2 Access through the Nara Bank / Allpoint ATM network is free; however, a fee may be charged for access through other ATM networks and may vary depending on the network provider. Click her for Alloint ATM locations .
|
My Dream Money Market
|
| Personal Banking |
Business Banking |
 |
|
|
|
|
|
Online Security
|
|
Protecting your privacy and security are important to us. Our online systems use advanced encryption technology to protect you from fraud and identity theft.
What information do I need to apply?
- Social Security number
- Primary ID
- Home address for the last 3yr for all applicants
- Current e-mail address
- Co-applicant's personal information (if applicable)
How long will it take me to complete the application?
Our simple application process takes approximately 10-15 minutes to complete.
|
|
Your Email Address
|
| Your email address is needed to complete application process; we may also send various account notices to your email address. Please note: Nara Bank will never ask for personal or sensitive information in an email. |
|
Your Social Security Number
|
|
Your Social Security number is required to open an account and it also helps us to verify your identity.
|
|
Your Source of Income
|
|
In addition to being a legal requirement, your employment information is needed to help verify and protect your identity.
|
|
