Money Market Account
A Money Market Account offers a reward for higher account balances. No interest is paid on average daily balances of less than $500; however, interest is paid based on balances between $500 - $24,999, $25,000 - $49,999, and $50,000 and above. The higher the average daily balance maintained, the higher the interest rate. The minimum withdrawal is $100, and withdrawals are limited to a combination of six electronic withdrawals and transfers per periodic statement (in person withdrawals and transfers are unlimited), as with our Savings Accounts, Secondary Savings Accounts, and Christmas Club Accounts.
|Type Of Account||Minimum Balance To Open||Minimum Monthly Balance||Compounding Frequency||Interest (Dividend) Rate||Annual Percentage Yield|
|Money Market||$500||$500 to $24,999||Monthly||0.300%||0.300%|
|Money Market||$500||$25,000 to $49,999||Monthly||0.400%||0.401%|
|Money Market||$500||$50,000 to $99,999||Monthly||0.500%||0.501%|