Collin Bank still offers their competitive money market rates through their regular and preferred money market programs. The top rate goes for 1.40% APY while the bottom tier gives out 1.00% APY.
Here is the structure of their money market deals:
Preferred Money Market
- $10K to $50K 1.00% APY
- $50K to $250K 1.38% APY
- $250K to $500K 1.40% APY
- $500K to $1 M 1.40% APY
- $1 M to $2 M 1.40% APY
- $2 M and Up 1.40% APY
A bank visit may be required since the bank does not detail the application process on their website. The bank is just North of Dallas in Frisco, Texas.
Collin Bank is still a very young institution established in 2008. Bankrate.com and BauerFinancial still do not have sufficient basis for a review of its safety, performance, and soundness.
The bank has certificate number 58610 with the FDIC.
