The Money Market Account is an interest bearing account. This account is perfect for someone who wants to earn a high rate and does not need more than 6 debits, pre-authorized or phone transfers per statement cycle. (Excessive checks/debits/ATM withdrawals will result in a per item charge, and may require the closing of the account).
A $2,500.00 minimum balance is required to open a Money Market Account. The following restrictions apply: If the balance on your Money Market Account falls below $2,500.00 a lesser interest rate will be paid than the prevailing interest rate of a Money Market Account with a balance of $2,500.00 or more. If the balance on your Money Market Account falls below $1,000.01 on any given day of a statement cycle a $5.00 fee will be imposed for that statement cycle. Transfers from a Money Market Account to another account or to third parties by check or preauthorized, automatic or telephone transfers are limited to six per month.
Please contact us for more information and disclosure statement containing complete details regarding our current fees (if any), charges (if any), terms & conditions.