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Money Market
Balance Requirements
- You must deposit $2,500 to open an account.
- If the collected balance falls below $1,000 on any day, you
will not be paid interest for that day.
- You must maintain a specific collected balance in order to
obtain the annual percentage yield offered for each interest
rate tier. On any day your balance qualifies for a respective
tier, interest will be earned at the respective annual percentage
yield on the entire balance for that day.
Compounding and Crediting
- Interest on Money Market accounts will be compounded monthly
and added to the account balance on the last day of the statement
period (monthly).
Accrual of Interest on Non-Cash
Deposits
- Interest begins to accrue on non-cash items deposited based
on the Bank's availability schedule.
Additional Information
- There are seven interest rate tiers available with this account.
The interest rate and annual percentage yield for each tier
are available at the New Accounts desk.
- This is not a full disclosure of all terms and conditions
of this account. Additional information is available at the
New Accounts desk.
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