Money Market
The Money Market Account is one of the Bank’s best interest bearing accounts for a Business with limited check writing capability. The account is tiered so the rate increases as your balance increases.
| Tier | Interest Rate | Annual Percentage Yield (APY) |
| $.01 - $9,999.99 | * | * |
| $10,000.00 - $49,999.99 | * | * |
| $50,000.00 - $249,999.99 | * | * |
| $250,000.00 - $499,999.99 | * | * |
| $500,000.00 and above | * | * |
*Please give us a call for our current rates
The interest rates and annual percentage yields my change at any time without prior notice.
Limitations on Frequency of Transfers – During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. No more than three of the six transfers may be made by check, draft, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
Compounding Frequency – Interest will be compounded monthly.
Crediting Frequency – Interest will be credited into this account monthly.
Daily Balance Computation Method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day
Accrual of Interest on Noncash Deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum Balance to Open – The minimum balance required to open this account is $25.00.
Minimum Balance to Avoid Service Charge– Base service charge per statement period based on the low balance.
•» $500.00 and above — No Charge
•» $300.00-$499.99 — $2.00
•» $100.00-$299.99 — $4.00
•» Below $100.00 — $6.00
Deposit Limitations – You may make an unlimited number of deposits into your account.
