Money Market Account

Gives you an interest bearing account with limited check writing privileges.

  • The minimum deposit required to open this account is $2,500.
  • You must maintain a minimum balance of $2 ,500 in the account each day to avoid a fee.
  • There are no deposit limitations.
  • Withdrawal limitations do exist. During any statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a pre-authorized or automatic transfer or telephone order or instruction, or by check, draft, debit or similar order to a third party. If you exceed these transfer limitations, your account may be subject to closure or reclassification by the financial institution.
  • Your interest rate and Annual Percentage Yield may change. At our discretion, we may change the interest rate on your account at any time.
  • Interest begins to accrue on the next day of deposit, if received by 2:30 p.m.
  • Interest is compounded monthly and credited to your account monthly when the statement is prepared. If you close your account before interest is credited, you will not receive the accrued interest.
  • We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the daily balance in the account for the period
  • You must maintain the minimum balance shown in the account each day to obtain the Annual Percentage Yield described.
  • Monthly minimum balance fee if the daily balance drops below $2,500 on any day of the month: $10.00
  • There is a limit of six (6) withdrawals per month, and each withdrawal thereafter is charged a fee of: $ 5.00
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Bank by phone to obtain information about your checking, savings, or loan account 24 hours a day, 7 days a week by dialing (956) 761-5425 or 1-888-653-9559.