This account is good for customers who like to save,
but also need the ability to write a check every once in a while. This
account generally pays our highest rate compared to other transactional
interest-bearing accounts offered by the bank.
Benefits:
Higher interest than N.O.W., Super N.O.W. or Savings
Accounts
Interest is compounded daily and credited to your
account every statement cycle
Eligible for businesses
Requirements:
Minimum balance to open account - $2,500.00
Minimum balance to avoid fees - $1,200.00
Costs:
A fee of $7.00 will be charged if the balance falls
below $1,200.00 any day in a statement cycle
Account closing fee of $25.00 will be charged if
account is closed within first year
Transfers from a Money Market Account to another
account or to third parties by preauthorized, automatic, or telephone
transfer are limited to six (6) per statement cycle with no more than
three (3) by check, draft, or similar order to third parties.
An excessive activity fee of $10.00 will be charged
for each debit exceeding the transaction limits as stated above.
