Credit of $.04 is given for each $100.00 of average collected balance during the month. In many cases these credits offset any maintenance or service fees the account may incur.
- A maintenance fee of $6.50 will be charged for each monthly statement cycle.
- A ledger entry fee of $.18 will be charged for each credit or debit entry.
- $0.07 fee for each foreign item deposited
MONEY MARKET SAVINGS ACCOUNT
- Available to ALL Customers
- To Open the Account - $3,000.00
- Interest is compounded and credited to your account Every Month.
We use the daily balance computation method to calculate the interest in your account, which applies a daily periodic rate to the principal in the account each day. You must maintain the minimum $2,000.00 balance to earn interest and maintain the minimum $2,000.00 balance to obtain the disclosed annual percentage yield.
Maintenance Fee – A monthly fee of $6.00, however, no maintenance fee is charged if $6,000.00 avg. collected balance is maintained or if $3,000.00 minimum balance is maintained.
Transaction Limitations – Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle.
Transaction Fee – Withdrawals exceeding the above listed limitations will be charged an excessive withdrawal fee of $2.50 per item after six withdrawals.
Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.
Accrual of interest on noncash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.