City National Bank Money Market Account

City National Bank Money Market Account Review

City National Bank Money Market Account is offered by City National Bank, a bank founded in 1972 and based in Beverly Hills, CA. City National Bank money market account are available in 6 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account.
• No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
• Charges a monthly fee. This account charges a monthly service fee of up to $20, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum opening deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of City National Bank Money Market Account

Pros	Cons
High-interest yield. Does not offer mobile check deposits. Free debit card	No signup bonus. Only available in 6 states. Monthly service charge.

City National Bank Money Market Account FAQ

Are money market accounts from City National Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for City National Bank money market account rates?

City National Bank money market account offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

City National Bank money market account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.05% - 0.15%

What are the fees for City National Bank Money Market Account?

This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $2,500.

City National Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

City National Bank Money Market Account Fees

Fees	Amount
Monthly Fee	up to $20
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for City National Bank money market account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

What features and perks does City National Bank money market account offer?

This account includes the following features:

• Fraud monitoring - City National Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - City National Bank money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this account is (800) 773-7100.

What is the support contact email?

The support contact email for this business credit card is contact@cnb.com.

How to open an account with City National Bank

• Visit the City National Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.