Virtual Bank offers you a great money market account with them with some fine options. Money market accounts are limited accounts for money you do not need right away. You can only withdraw a certain amount per period and only write a certain number of checks against them. Therefore, if you have money you do not have an immediate need for them this is the route to go for a great investment. Here are their options:
- They are insured through FDIC
- Can start an account with them for as little as $100
- No fees per month
- Transferring from one account to another is fee-free
- Statements are free online
- High yield rates
- Free direct deposit and withdrawals