Requirements:
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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