Money Market
Money Market Accounts
Okay, so maybe money doesn't actually grow on trees, but if you're seeking a larger dividend rate for a higher savings balance, our Money Market Account may be the account for you.
Flexible - No penalties for early withdrawal here and no set time commitment like share certificates of deposit
Access -you'll have access to your money with limited check writing access.
Our money market accounts carry a variable interest rate that's subject to change and assumes reinvestment of principal and interest for one year.
Additional Details
- Offers many of the same services as a checking
- Transactions are somewhat limited
- Can store money that may be used for upcoming investments
- No early withdrawal penalty
- Safe and highly liquid investment
- Interest rates are variable, can change frequently
- Dividends are compounded monthly
- Dividends are credited monthly
- Minimum opening deposit is $2,000.00
- Minimum balance to avoid fee is $1000.00
- If balance falls below $1000.00 any day of the month there is an $10.00 monthly service fee
- Minimum withdrawal limit is $200.00 per withdrawal
- Can access this account with checks, first set of checks are free
- Limited to three (3) written checks per month
- For checks written below $200.00 there is a $25.00 fee
- No more than six (6) pre-authorized, automatic or telephone transfers may be made from this account to another account or to a third party in any month. No more than three (3) of these six (6) transfers may be made by check or draft to a third party
- Not ATM/Debit Card accessible
- Tiered Money Market Share Accounts
- $0.00-$1,999.00
- $2,000.00-$9,999.00
- $10,000.00-$29,999.00
- $30,000.00-$39,999.00
- $40,000.00 AND UP
For a glimpse at our product rate and fee information CLICK HERE.