Available nationwide, you can take advantage of the current 3.50% APY with a Bank7 Money Market Account on your funds.
Continue reading below to learn everything you need to know about Bank7.
About Bank7
Headquartered in Oklahoma City, Bank7 is the 14th largest bank in the state of Oklahoma and the 730th largest bank in the nation. It was established in 1901 and as of March of 2022, it had grown to 122 employees at 12 locations.
Bank7 Money Market Account Account
Here is your opportunity to earn a high interest rate on your funds. Open a new Bank7 Money Market Account Account with a minimum opening deposit of $5,000 to start earning interest today!
- Account Type: Money Market Account
- Rate Offer: 3.50% APY Rate
- Availability: Nationwide
- Minimum Balance: $100
- Maximum Balance: $999,999.99
- Credit Inquiry: Soft Pull
- Opening Deposit: $100
- Monthly Fee: $15, if the monthly balance falls under $100
- Early Termination Fee: None listed
(FDIC Insured)
Bank7’s ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with Bank7’s ACH capabilities.
Bank7 Money Market Account Rates
| Balance Requirement | APY Rate |
| $.01 – $999,999.99 | 3.50% APY |
Account Benefits
- Competitive, tiered variable rate of interest
- Interest paid monthly on a minimum daily balance of $5,000
- $15.00 minimum balance charge per month if daily balance falls below $5,000
- Visa® debit card (optional)
- Online Banking and Bill Pay
- Mobile Banking
- Check and deposit images returned in eStatement (eStatements required for this account. Paper statements may be available for a $15.00 monthly fee)
- Deposits are unlimited; however, debit transactions on Money Market Accounts are limited by law. Preauthorized transfers or withdrawals are limited to six total per month. Withdrawals exceeding six per month have a $3.00 fee per withdrawal
- Unlimited withdrawals in person, at ATM, by mail, or by messenger
Author’s Verdict
Pretty great rate for a minimum balance of $5,000. Please let us know if you find out or know any information regarding the credit inquiry. If you know of any account similar to this or better, please let us know by commenting below!
In addition to the current rate from Bank7, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
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