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Money Market Account:
This is an interest earning account that combines the
need for a higher rate of return and the convenience of writing checks.
An initial deposit of $2,500 is required to open this account. This
account offers interest earnings based on a tiered interest rate
structure and allows up to six (6) withdrawals or transfers to another bank account
of yours or to a third party by means of a pre-authorized, automatic transfer or telephonic
order or instruction, whether initiated by check, draft or similar order to a third party
per monthly statement cycle. A fee of $15 is applied to each withdrawal transaction
in excess of the six (6) limitation. The low monthly maintenance fee of $15 and
.35 per debit fees are waived with a minimum daily balance of $2,500. If the account
is closed prior to the regular statement date, no interest will be paid for the current
statement period. A new account closed within 90 days will be charged $25.
This account is available to Sole Proprietorships, Partnerships and Corporations.
- Competitive interest rate
- Unlimited deposits and teller visits
- Up to six checks per monthly statement cycle *
- Interest earnings based on a tiered interest rate structure
- Free access to EZ Online Banking
- FDIC insured
*
We reserve the right to require 7 days prior notice to withdraw or
transfer funds from the account.
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