Money Market Savings Account

///Money Market Savings Account
Money Market Savings Account
  • Interest compounded & credited to account monthly.

  • Minimum balance to open $1,000.00.

  • We use average daily balance method to calculate interest on your account.

  • Interest accrues on the business day you deposit non-cash items.

  • Transaction limitations: Preauthorized withdrawals are limited to six per month.

  • First 3 withdrawals are free. ($1 service charge for each addition withdrawal)

  • Tiered Interest Rates Apply: $.01 – $999.99 earns interest equivalent to the Regular Savings Account. $1,000.00 – $9,999.99 earns the base Regular Money Market Rate. $10,000 and over earns the base Money Market Rate plus .10 percent on entire balance. Call for current rates.

Fees: A fee of $1.00 per item will be charged for each withdrawal in excess of three during the statement cycle.