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Statement Savings
Money Market Account
Business Money Market Account
Statement Savings
- A traditional way to save
- Savings register available
- Quarterly statement
- $1.00 fee for each withdrawal over four per month
- Monthly service charge of $2.00 if account balance is less
than $100.00
- Minimum opening balance of $100.00
Money Market Account
- Earns market rate with up to six pre-authorized transfers
per month – three may be payment by check to third party
- Monthly statement
- $15.00 monthly service charge if average balance is below
$1,000.00
- Customer buys own checks
- Tiered interest rates
- Minimum opening balance $1,000.00
Business Money Market Account
- Earns market rate with up to six pre-authorized transfers
per month – three may be payment by check to third party
- Monthly statement
- $15.00 monthly service charge if average balance is below
$2,000.00
- Customer buys own checks
- Tiered interest rates
- Minimum opening balance $2,000.00
General Rate Information – Your interest rate and annual
percentage yield may change. At our discretion, we may change the
interest rates on your account at any time. All interest rates are
established by the bank based on local market conditions and related
services. The interest rate will be based on the daily balance in
your account, and will be paid on the entire collected balance in
your account. Interest will be compounded on a monthly basis and
will be credited to your account monthly, at the end of the monthly
cycle period. If you close your account before interest is credited,
you will not 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. Interest begins to accrue no later than the business day we
receive credit for the deposit on non-cash items (i.e., checks).
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