Money Market Plus Account

The Money Market Plus Account is designed to earn a higher rate of interest and still be able to write a minimal amount of checks.

Interest rate may vary each week in relation to money market interest rates. Interest rates may change each Wednesday.

◊   Initial deposit required to open account - $2,500.00

  • Interest bearing checking account
  • Direct Deposit
  • Monthly Bank Statement
  • Free online banking
  • A service charge fee of $5.00 will be imposed every statement cycle if thebalance in the account falls below $2,500 any day of the cycle. 
  • Transfers from a Money Market Plus account to another account or to third parties by preauthorized, automatic, telephone or computer transfer or by check, draft or similar order to third parties are limited to six per statement cycle.
  • A per item fee of $1.00 will be charged for each check in excess of six during a statement cycle.
* Fees may reduce your earnings.
 
  NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a non-interest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "non-interest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts ("IOLTAs").  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov