Description:
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Limited activity
account that pays interest on your balance and provides easy
access to your money.
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Requirements:
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- Minimum balance
to open: $1,500.00
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Benefits:
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- Monthly
statement with cancelled checks included
- Interest paid
monthly
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Cost:
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- A service fee
of $12.00 will be imposed if the account balance falls below
$1,500.00 any day during the statement cycle.
- The interest
rate will be .25% lower than the current interest rate every
day the account is below $1,500.00 during the statement
cycle.
- If you
close your account before the interest is credited you will
not receive the accrued interest.
- Transfers from
a Money Market account to another account or to third parties
by preauthorized, automatic, or telephone transfer are limited
to six per statement cycle with no more than three by check,
or similar order to third parties. An excessive
withdrawal fee of $10.00 will be charged for each check in
excess of three during a statement cycle.
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