A smart decision for the long-term saver
- A $500.00 minimum balance is required to open a Money Market account. After the account is opened a $100.00 minimum balance is required.
- This is a three tiered account, with the following tiers: I. $1-$2,500 (base rate); II. $2,501-$25,000; III. Over $25,000. Higher Money Market rates are paid on Tier II and Tier III funds.
- Interest is compounded and paid (credited) monthly, on the last business day of each month. Interest is calculated from the day of deposit to the day of withdrawal. Money Market rates are set each month and guaranteed for the entire month.
- The minimum transaction amount is $500.00.