Acacia Bank advertises in local Washington DC papers a money market account with a balance between $25,000 and 100,000 to pay 1.00% APY.
It is a very long process t0 open an account (several times longer than ING or other banks). Once the account is opened, the customer finds out that there is a $2,000 daily limiy to depost funds into the account. So, this would take weeks of daily bother for the total transfer. Then on top of it, they have a daily limit for getting money transferred ot of the account, so they keep your money longer. What a scam.
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