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Accounts: Money Market

 

Requirements:

  • Minimum balance to open $2,500.00

Benefits:

  • Interest bearing account – rate varies.  Compounded and credited monthly.  Call for current rates
  • Will receive statement and check images monthly

Cost:

  • Limited check writing -  Transfers from the money market account to another account or to third parties by pre-authorized or automatic transfers are limited to six per statement cycle with no more than six by check, draft or similar order to third parties.  A debit fee of $3.00 per check in excess of six during the statement cycle will be charged.
  • If balance drops below $2,500.00 during a statement cycle, a fee of $20.00 will be imposed.
  • If the transaction limitations are exceeded or account balance falls below $2,500.00 three times in one year or two months in succession, the account reverts to a regular checking account.

 

 

 

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