A money market account is the perfect way to save your money and earn a higher dividend rate at the same time. With different tiers the interest goes up as your balance increases.
You must maintain the minimum balance required for a tier in order to earn the dividend rate for that tier. If on any given day your deposit balance falls below the minimum required for a tier, your dividends will be determined at the rate of the appropriate lower tier. If your balance drops below the $2,500.00 minimum at any time during the month, the account reverts to a regular share rate for the quarter.
All money markets require a minimum deposit of $2,500.00.
You may not exceed the five(5) withdrawals, transfers or checks out of your money market account per month.
If the set number of transactions is exceeded, the account will be charged a fee of $10.00 for each transaction in excess of the five(5) transaction limitation.