Money Market Accounts
Money Market Investment
Premium interest checking for those who carry high balances with minimum transaction needs.
- $1,000 minimum to open
- $1,000 minimum balance required
- $10 fee assessed per statement cycle if balance falls below $1,000 on any day in the statement cycle
- Withdrawals limited to six debits of any kind in any statement cycle
- $3 fee assessed per withdrawal in excess of six per statement cycle
- Monthly statement with images
- **Interest is compounded and credited to account every statement cycle
Interest is calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
**Interest compounded and credited monthly. Interest rate and annual percentage yields subject to change at any time. Interest is calculated by the average daily balance method. Interest will begin to accrue the business day credit is received for the deposit of non-cash items. Accounts closed prior to interest, paid will forfeit accrued interest.
Bill pay accounts must be set up via online banking before mobile payments can be scheduled. You may incur normal data (internet) usage charges from your wireless carrier for the use of internet browsing on your mobile device. Contact your carrier for details on related rates or charges.
Benefits
Money Market Investment | |
---|---|
Earns interest? | * |
Amount to Open | $1,000 |
Balance requirement? | $1,000 |
Online Banking | |
Online Bill Pay | |
Withdrawal Limit | 6 per statement cycle |
E-Statements | |
Monthly Fees | $10 fee assessed per statement cycle if balance falls below $1,000 on any day in the statement cycle |
Paper Statements | Complimentary |
*=CLICK HERE FOR CURRENT RATES