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Money Market Account
Account Description: This account is good for
individuals who want to earn interest on funds, but also need the ability to
write a check every once in a while. This account generally pays our highest
rate compared to other interest-bearing checking accounts offered by the
bank.
Requirements:
 | Minimum deposit to open account - $2,500.00 |
Benefits:
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Interest is compounded daily and credited to your
account every statement cycle |
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No monthly service charge if daily balance is kept
at $2,500 or higher, otherwise a fee of $10 will be assessed. |
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Tiers for interest earnings:
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$2,500 - $9,999 |
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$10,000 - $24,999 |
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$25,000 and above |
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Withdrawal Limitations:
| Transfers from a Money Market account to another account or to third
parties by means of a preauthorized, automatic, electronic, or telephone
transfer, check, draft, debit card, or similar order made payable to
third parties are limited to six per statement cycle. |
| An excessive item charge of $10.00 will be charged for each debit
transaction (withdrawal, check paid, automatic transfer or payment out
of this account) in excess of six during a statement cycle
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