Tuesday, 11 August 2020

IBERIABANK Review: Checking, Savings, CD, Money Market and IRA Accounts

IBERIABANK Review: Checking, Savings, CD, Money Market and IRA Accounts
01 Jul
12:59

The rates on IBERIABANK’s SelectPlus Money Market account are nothing to write home about. They’re beat by the competition, and come with high minimum balance requirements relative to the APY.

If your balance falls below $5,000, you will be subject to a monthly maintenance fee. Money market accounts are technically savings accounts, and therefore also fall under Regulation D. Unlike IBERIABANK’s savings account, you are not limited to four withdrawals per month; you get the full six. However, if you go over six withdrawals, you will be charged a $15 fee for each incident.

How to get IBERIABANK’s SelectPlus Money Market account

You can open this account online, over the phone or in person with your state-issued ID, Social Security number, funding information including bank account and routing numbers and your last address if you have moved within the past two years.

Source: https://www.magnifymoney.com/blog/reviews/iberiabank/

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