Money Market Accounts

Money Market accounts pay competitive rates of interest on account balances that are readily accessible. Interest is accrued daily on the balance of collected funds in the account. Interest is added to the account monthly.

For any day that the balance of collected funds in your account falls below $1,000, interest will be accrued at the annual rate then being paid on funds held in regular savings accounts, and an $8.00 maintenance fee will be assessed for that monthly statement period.

Regulations provide that no more than six (6) withdrawals, of which no more than three (3) can be checks to third parties, can be made from an account during each monthly statement period. An activity fee of $2 will be charged for all withdrawals exceeding six (6) that are made from an account during each monthly statement period.