Money Market
The Money Market Account is one of the Bank's best interest bearing accounts 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 may change at any time without prior notice.
Limiations of Frequency of Transfers-During any calender month or statement cycle of a 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 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 may 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 non cash items (i.e.:Checks) into your account.
Minimum Balance to Open- The minimum balance to open this account is $25.00
Minimum Balance to Avoid Service Charge- Base service charge per statement period on low balance.
•» $2,000.00 and above — No Charge
•» $1,500.00-$1,999.99 — $2.00
•» $1,000.00-$1,499.99 — $4.00
•» Below $1,000.00 — $6.00
Deposit Limitations-You may make an unlimited number of deposits into your account.
