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Money
Market Demand Account
A checking account for
customers with limited activity who want to earn interest on funds.
Minimum deposit to open $2,500.00.
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Features
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- Fee is
waived if daily balance is $2,500.00. Fee is $10.00 per month
if daily balance is below $2,500.00
- Tiered
interest rate. Interest compounded daily, credited monthly*
- Limit
of six (6) debits per month per statement cycle of which three
(3) may be by check
- No per
check charge unless withdrawals exceed six (6) per month, then
a $5.00 per check fee is charged for additional checks/debits
- Unlimited
in-person withdrawals
*Interest compounded daily and credited monthly
on average collected balances
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Benefits
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- Interest
earned. Easy to maintain
- Collected
balance is always earning interest
- Earns
higher interest on higher balances
- Check
and deposit imaging
* NOTE: Limited activity account. Six (6) preauthorized
transfers or withdrawals per month. No more than three (3) can
be made by check. Withdrawals at the bank are unlimited. $5.00
fee per withdrawal in excess of limitations.
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