Regular Money Market Account
- Minimum to open is $2,500
- No minimum balance to earn interest
- Tiered rate structure
- A $7.50 balance fee (in the service charge) will be imposed each month if the balance falls below $2,500 any day of the statement cycle Transfers from this account to another account in the bank or cash withdrawals in person are unlimited.
- Federal banking regulation limits transfers to another account or to third parties by preauthorized, automatic, telephone, computer or check to six (6) transactions per statement cycle. There will be a $5 Excess MMD transaction charge for each debit exceeding this limit.
Current Rates as of 2/21/2020
|Account Balance||Interest Rate||*APY|
|$.01 to $24,999.99||0.15%||0.15%|
|$25,000 to $49,999.99||0.20%||0.20%|
|$50,000 to $99,999.99||0.25%||0.25%|
|$100,000 and over||0.30%||0.30%|
Each tier described above reflects the average daily balance required to obtain the applicable *Annual Percentage Yield (APY). We use the average daily balance method to calculate the interest on your account. We may change the interest rate on your account at anytime. Fees may reduce earnings.