| Another
type of savings account which, with a balance of $2,500.00 or more
can earn you a higher yield than regular savings. There are
unlimited deposits and withdrawals on this type of account.
| Money
Market Savings Account |
| Minimum
Deposit to Open |
| $2,500.00 |
| Minimum
Balance to obtain APY* |
| $2,500.00 |
| Interest
Rate** |
| 1.25% |
| Annual
Percentage Yield** |
| 1.26% |
| Account
Terms |
- The interest rate and
annual percentage yield may change at our discretion.
- Interest begins to accrue
on the business day you deposit non-cash items (For
example, checks).
- Interest is compounded
daily and credited monthly.
- If you close your account
before the interest is credited you will not receive the
accrued interest.
- We use the daily balance
method to calculate the interest on your account. This
method applies a daily periodic rate to the principal in
the account each day.
- $5 monthly fee if the
account is dormant for 3 years or more.
|
|
