Money Market Accounts
Passbook / Statement Money Market
Earn interest on $1,000 average balance, compounded and credited monthly. Open with a passbook or with a monthly statement of activity, the choice is yours, unlimited deposits and withdrawals allowed. There is an $8.00 monthly service fee if average balance falls below $1000.00
- Minimum to Open $1,000.
- You may make six (6) transfers from your account but only three (3) may be payments by check to third parties per statement cycle period ($10 per check fee in excess of 3).
- Your interest rate and (APY) annual percentage yield may change at our discretion.
- Interest begins to accrue on the business day you deposit funds.
- If you close your account before interest is credited, you will receive the accrued interest.
- We use the daily balance method to calculate the interest on your account. This method applies to a daily periodic rate to the principal in the account each day.
Performance Plus Statement Money Market Account
Earn higher rates on higher balances with a Performance Plus Money Market Accounts. Maintain an average balance of only $10,000 to avoid a monthly service fee of $10.00. Interest is compounded and credited monthly.
- Minimum to open $10,000
- Your interest rate and (APY) annual percentage yield may change at our discretion.
- Interest begins to accrue on the business day you deposit funds.
- If you close your account before interest is credited, you will receive the accrued interest.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Power Plus Money Market Checking
Put our Power Plus accounts to work for you. Earn premium interest on higher balances. Access your account with up to three third party checks per monthly statement cycle, and unlimited deposits and withdrawals. Maintain a minimum balance of $5,000 to avoid a monthly service fee of $20.00. Interest credited and compounded monthly.
- Your interest rate and (APY) annual percentage yield may change at our discretion.
- Interest begins to accrue on the business day you deposit funds.
- If you close your account before interest is credited, you will receive the accrued interest.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
