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Money Market Checking
Account Description:
An interest bearing account with limited check writing
privileges.
Requirements
- Minimum balance to open -
$2,000.00
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Benefits
- Interest is calculated by the
average daily balance method.
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Interest is compounded daily.
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Interest is paid monthly to
account.
- The interest
rate and annual percentage yield may change weekly.
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No minimum balance fee if your
average daily balance is $2,000.00 or more for the month.
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Personalized checks (at an
additional charge).
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Available for personal accounts
and business accounts.
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Cost
- If your average daily balance
falls below $2,000.00 your account will be subject to a minimum
balance fee of $20.00 for that month.
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If you close your account before
interest is paid you will not receive the accrued interest.
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Transactions are limited to six
withdrawals or transfers to another account of yours or to a
third party by means of a preauthorized or automatic transfer or
telephone order and no more than three of the six may be made by
check, draft or similar order to a third party. If you exceed
these transaction limitations, in any month, your account may be
subject to closure.
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