Money Market Deposit Account

Features:
  • Minimum deposit of $2,500.00 required for opening account.
  • This is an interest bearing account.
  • If the balance falls below $2,500.00 any day of the month there is a $7.50 minimum balance charge.
  • The minimum average daily balance required to earn interest is $2,500.00.
  • The per item fee over 6 items is $10.00 each.
  • There are no checking features.
  • This account allows a maximum of six transfers or withdrawals per month.
  • Balances are FDIC insured.
  • A monthly statement is provided with all cancelled items.
Benefits:
  • This account will allow for profit corporations, partnerships or associations to earn interest on excess money.
  • Interest earnings can be improved because this account compounds monthly verses other accounts that pay interest on a semi-annual basis.
  • Your money is safe because the federal government insures it.

    Effective April 11, 2000


Other fees may be charged on your statement:
See Other Fees
 

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