- A 0.250% Annual Percentage Yield (APY)* on a minimum $10,000 investment -- a yield that compares favorably with most money market funds
- Flexibility and accessibility
- FDIC insured (unlike the uninsured brokerage money market accounts)
- No hidden expenses, no penalty for withdrawal of funds at any time** -- and certainly no management or brokerage fees or commissions
| Amount Needed to Open |
$10,000 |
| Monthly Fee Structure |
No Charge if minimum daily balance is $10,000 or more or average daily balance is $15,000 or more. Otherwise, $15.00/month.
|
| ATM Card Availability |
YES |
| Monthly Benefits |
6 FREE withdrawals/transfers each monthly statement period , then $15.00 per transaction. |
| Interest Basis |
Variable tiered rate paid on daily balance collected. |
| Interest Compounding Period |
Monthly |
| Interest Payment Period |
Monthly |
| Statement Availability |
YES |
* Rates may change after the account is opened. Rate determined by daily collected balance. Fees or withdrawals will reduce earnings on the account. The minimum balance to open this account is $10,000.
** Transaction limitations apply, see account disclosures for details. This product is offered for personal and business accounts. Member FDIC.
Money Market Accounts
| Amount Needed to Open |
Any Amount |
| Monthly Fee Structure |
No Charge if minimum daily balance is $1,000 or more or average daily balance is $2,500 or more. Otherwise, $12.00/month. |
| ATM Card Availability |
YES |
| Monthly Benefits |
6 FREE withdrawals/transfers each monthly statement period, then $15.00 per transaction. |
| Interest Basis |
Variable rate paid on daily balance collected. |
| Interest Compounding Period |
Monthly |
| Higher rates above $25,000 and $100,000 levels. |
| Interest Payment Period |
Monthly |
| Statement Availability |
YES |
| Minimum balance to avoid imposition of fees |
A service charge fee will be imposed every statement in which the minimum balance requirement is not met. |
Disclosures
| Rate Information |
Your interest rate and annual percentage yield may change. |
| Frequency of rate changes |
We may change the interest rate any time. |
| Determination of rate |
At our discretion, we may change the interest rate on your account. |
| Compounding and crediting frequency |
Interest will be compounded monthly. Interest will be credited to your account every month. |
| Effect of closing an account |
If you close your account before interest is credited, you will not receive the accrued interest. |
| Minimum balance to avoid imposition of fees |
A service charge fee will be imposed every statement in which the minimum balance requirement is not met. |
Also, please refer to the Terms & Conditions of your Deposit Account
