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Money Market Account

Open Now A savings account with limited check writing convenience, great for the investor.

The Money Market Account offers the following:

  • Limited check writing
  • Interest bearing account with four interest rate tiers
  • Check safekeeping required
  • Monthly statement
  • Immediate access to your funds

Recommended if you:

  • Can invest at least $1,000
  • Cannot commit your funds for a specific period of time
  • Want limited check access to your investment account
  • Want to earn higher interest as you increase your balance

Benefits:

  • Earn higher interest with a higher balance.
  • Good liquidity with no minimum investment period.
  • Have the ability to write a limited number of checks

Important Facts:

  • Minimum to open: $1,000
  • Interest is compounded and paid monthly
  • Can make 6 transfers by preauthorized, automatic, check or draft to third parties
  • Monthly statement
  • For average daily balances of $1000 or more, there will be no monthly maintenance fee

Fees:

  • Maintenance Fee: $6 per month maintenance fee if average daily collected balance falls below $1000
  • Withdrawal fee: $5 each after 6 per statement cycle

Money Market Savings Forms:

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