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Accounts: Money Market

 

Requirements:

  • Minimum balance to open $2,500.00

Benefits:

  • Interest bearing account – call for current rates
  • Will receive statement and check images monthly

Cost:

  • Limited check writing -  can only make 6 withdrawals from account each statement cycle of which 3 by checks to third parties and 3 in person.  A check 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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