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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 at any time.
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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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During any statement cycle of at
least 4 weeks, you may not make more than six withdrawals or
transfers to another account of yours or to a third party by
means of a preauthorized or automatic transfer, telephone order,
or instruction. If you exceed the transfer limitations set forth
above in any statement period, your account will be subject to
closure or conversion to a regular checking account by the
financial institution.
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