Money Market Accounts
Money Market Accounts
A Money Market deposit account is an FDIC insured bank account that pays a competitive rate of interest without the need to lock up your money for a specific term. Check writing is available for added convenience.
Account Details
- Minimum balance to open the account is $2,500.00.
- A per item fee of $3.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, telephone transfer or payment out of the account) in excess of six during the statement cycle.
- A maintenance fee of $8.00 will be imposed every statement cycle if the daily balance falls below $2500.00 any day of the statement cycle.
- You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the annual percentage yield.
- If images of checks and deposits are requested, the following additional charges will apply: Images of front only: $3.00 per statement. Images of fronts and backs: $6.00 per statement.