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Money Market Deposit Accounts

Money Market Deposit Accounts
Account TypeDaily Minimum Collected Balance To Earn InterestInterest RateAnnual Percentage Yield
Individual & Business $0.00 to $2,499.99 0.00% 0.00%
  $2,500.00 to $24,999.99 0.05% 0.05%
  $25,000.00 to $49,999.99 0.05% 0.05%
  $50,000.00 to $99,999.99 0.05% 0.05%
  $100,000.00 to $249,999.99 0.05% 0.05%
  $250,000.00 to $499,999.99 0.10% 0.10%
  $500,000.00 to $999,999.99 0.10% 0.10%
  $1,000,000.00 and over 0.10% 0.10%

 

We use the Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the Collected Balance in your account each day. Interest is accrued daily, compounded monthly and credited to your account on your monthly statement date. You must maintain a Daily Minimum Collected Balance of $2,500.00 in the account each day to obtain the disclosed APY. At our discretion, we may change the interest rates at any time. Penalty may be assessed for early withdrawal. APY is accurate as of January 8, 2013. Fees could reduce the earnings on the account.