|
is designed for businesses that want to earn a high rate of interest and still write checks on a very limited basis. Money Market accounts are more flexible than Certificates of Deposit because you can make deposits, there is no penalty for early withdrawal, and the account permits investment for an unspecified period of time.
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per monthly statement cycle with no more than three by check, draft, debit card, or similar order to third parties. A fee of $5 will apply to each item if the limitation is exceeded.
If your balance falls below $2,000, interest will be paid at the Savings Account rate.
$1,000 minimum opening deposit required.
Interest compounded daily.
|
