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This is a combination Money Market and Savings Account with tiered pricing.
|
TIER |
INTEREST RATE |
Annual Percentage Yeild |
|
$500 to $24,999.99 |
.25% |
.25% |
|
$25,000 to
$49,999.99 |
.25% |
.25% |
|
$50,000 to
$99,999.99 |
.50% |
.50% |
|
$100,000 &
over |
.50% |
.50% |
|
If the balance falls below $500 there will be a maintenance
charge of $2.00 for the month and no interest will be paid on
the account.
The money market rate will be determined weekly based on market
conditions.
Money market accounts are permitted no more than 6
transfers and withdrawals, or a combination of transfers and
withdrawals, per calendar month or statement cycle to another
account at the same institution or to a third party by means of
a preauthorized or automatic transfer, or telephonic (including
data transmission) agreement, order or instruction, or by check,
draft, debit card, or similar order or payable to third parties.
A per item fee of $15.00 will be charged each statement cycle if
you exceed this regulatory limitation. For additional
account disclosure information, please contact the bank.
Money Market / Savings Account rates are effective 6/01/2010.
Subject to change without notice.
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