Money Market Account

Consumer Savings: Money Market Account

A flexible plan that offers both competitive yield and liquidity.

Minimum Opening Balance:	$500.00
Statement Frequency:	Monthly
Compounding Frequency:	Compounded monthly and is credited monthly. Earned on collected daily balances over $1,000.00.
Service charge:	A service charge of $10.00 will be imposed each month if the daily balance during the month falls below $1,000.00.
Transaction Limitations:	Federal Banking regulations prescribe the following limitations: withdrawals or transfers from a savings account to another account or to third parties by pre-authorized checks, or automatic or telephone transfers are limited to 6 per month. If you exceed the legally allowed withdrawal or transfer limitation in any month, there will be a $15.00 fee for each excessive withdrawal and your account may be subject to closure.

On all Savings and Money Market accounts, the interest rate and annual percentage yield may change at any time at our discretion.

Average Daily Balance Method. We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period no later than the second business day after your deposit is made.