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Money Market Investments
This account offers attractive market rates with the liquidity of a savings account. An additional feature is the ability to write a limited amount of checks.
Initial Deposit Requirement: $100
You are limited to six (6) transfers from your account each monthly statement cycle, and only three (3) of these transfers may be by check or other transfers to third parties. A fee of $4.00 per transfer will be assessed for excess transactions.
The interest rate paid will be based on tiered account balance levels - the higher the balance - the higher the interest rate.
| Monthly Minimum Balance | Monthly Maintenance Fee |
$1,000 or more |
$0 |
$0 to $999 |
$5 |
OR |
|
$2,000 average balance |
$0 |
Interest rates are subject to change weekly at the discretion of the bank. Click here to review current rates or refer to the rate sheets available in the bank lobby.
Note: Interest is paid on "Collected Balances" only, and the simple daily interest is compounded monthly.
If your account is closed before interest is credited, accrued interest is not paid.
Inactive Account Fee
An inactive account fee of $3 per quarter will be assessed when the account is inactive for 2 years through 5 years.
Dormant Account Fee
A dormant account fee of $3.00 per month will be assessed when inactive for more than 5 years.
Early Closure Fee
If this account is closed six months or less after opening, an early closure fee will $15.00 will be assessed.
Call today (618)234-9500. We look forward to being of service to you!
Interest Rate Tiered at |
$0 to $ 1,999 |
$2,000 to $ 9,999 |
$10,000 to $ 99,999 |
$100,000 or more |
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