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Moneymarket Account  


Features/Benefits:
- Minimum opening balance is $100.
- Earns market rate of interest. Rate can be changed daily without notice.
- Tiered interest rate structure:
 
- $0 - $2,499.99, no interest.
- $2,500 - $14,999.99 base rate.
- $15,000 - $49,999.99 plus 50 basis points.
- $50,000 - $249,999.99 plus 50 basis points.
- $250,000 and over – plus 200 basis points. As the account balances fluctuate, the interest rate will adjust automatically.
   
- Transactions are limited to six withdrawals per statement cycle; three may be third-party checks.
- No charge for first fifty checks.
- Interest compounded monthly and is added to the account when the monthly statement is provided.
 
Costs:

No monthly service charge if a minimum daily balance of $2,500 is maintained. Your account will be assessed a monthly service charge of $15 if the balance falls below $2,500 anytime during the statement cycle. There will be a service charge of $10 per withdrawal if withdrawals exceed six in a statement cycle. If account is closed within 90 days of opening, a service fee of $15 is charged. Regular Fee Schedule applies for other account services.
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