A minimum balance fee will be imposed every statement if the balance in the account falls below $500.00 any day.
|$0 - $499.99
||- 0 –
MONEY MARKET PLUS
You must deposit $2,500.00 to open this account. A minimum balance fee will be imposed every statement cycle if the
balance in the account falls below $2,500.00 any day of the statement cycle. Annual Percentage Yield is determined by
account balance and is subject to change daily at bank’s discretion. You
must maintain a minimum daily balance of $2,500.00 to obtain APY.
|$2,500 or Greater
|Less than $2,500
There will be a $5.00 per item charge for transfers/withdrawals in excess of transaction limitations described below.
You may make only 6 transfers/withdrawals per calendar month or statement cycle of at least 4 weeks (not including
those made by mail, in person, by telephone with check mailed to you, messenger, ATM or to repay loans with us).
Compounding and Crediting
Interest will be compounded on a monthly basis.
Interest will be credited to your account on a monthly basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example:
Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.