Metbank ups MMA rate.Metropolitan National Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. [Metbank] announced a promotional rate increase on its liquid Money Market Account to 4.75% APY APY See: Annual Percentage Yield for new depositors. The rate will revert re·vert v. 1. To return to a former condition, practice, subject, or belief. 2. To undergo genetic reversion. to its high yield Money Market Account which is currently at 4.5% APY at the end of the promotion, 90 days after a new account is opened. The account requires a minimum deposit of $2,500. Metbank also announced that it is now offering a new 5 month, 5% APY CD. |
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