Money Market Accounts
Earn variable interest on your savings while still having your money available for withdrawal whenever you need it. Money market rates are subject to change daily. Please ask about our current rates.
Rate Information: Rate may change after account is opened. Interest begins to accrue on the business day you make your deposit. Interest will be compounded and credited monthly. If you close your account before the interest is credited, you will receive the accrued interest to the date of closing.
Minimum Balance Requirements: A minimum of $2,500 is required to open this account. A minimum daily balance of $10 is required to obtain the lowest annual percentage yield. If the balance drops below $10, we reserve the right to close the account. Interest will not accrue on a balance of less than $10.
Balance Computation Method: We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day and compounds to the account on the last day of the month.
Transaction Limitations: You may make six (6) transfers or withdrawls from your account per calendar month. The penalty for more than 6 withdrawls or transfers is $10 per withdrawl.
Nest Egg Money Market
Minimum deposit to open account: $10,000.00
Rate Information: This is a variable "tier" account.
Minimum Balance required to obtain APY:
- Balance greater than $100,000.00 – 0.75% APY
- Balance of $50,000.01 to $100,000.00 – 0.75% APY
- Balance of $10,000.01 to $50,000.00 – 0.50% APY
- Balance less than $10,000.00 – 0.10% APY
Rates effective as of May 2, 2016
Rates may change after account is opened.
Fees could reduce earnings on the account.
Rates are subject to change daily. Contact new accounts representative for current rates.
Minimum Balance Requirement: There is no minimum balance required. If the account balance falls below $2,500, there will be a $10 penalty fee.
Balance Computation Method: We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day.
Transaction Limitations: You may make up to six (6) debit transactions per monthly statement cycle.
Statement Cycle: 25th of each month.
Interest Payment: Interest is compounded and credited monthly when the statement is processed.
Debit Card: No debit card available on this account.