Corus bank’s ultimate money market account currently has a yield of 5.12% APY, which is pretty high as far as money market/savings accounts go. This account features:

• $100 minimum deposit to open account
• $10K minimum daily balance or $20K average balance is required to avoid a $25/month fee
• Limited check writing (3/month)
• Free checks are provided
• ATM card provided
• No refunds of ATM fees charged by other banks.
• Domestic wire transfer fees: free for incoming, $25 for outgoing
• Online account has secure bank mail and email alerts
• Interest is compounded and credited monthly

The two main downsides with this account are the $10K minimum balance necessary to avoid a $25/month fee and the lack of an ACH transfer service. The lack of an ACH transfer service means that you can’t initiate electronic transfers to or from your accounts at other banks. One nice feature of this account is that it has limited check writing, and they provide the checks free.

Corus Bank is located in the Chicago area.