Money Market Index Account
The Money Market Index Account is for those who want to earn a higher rate of interest on account balances based upon the Federal Funds rate with limited check writing privileges
Account Features: Only $2,500.00 required to openFREE Online Banking and Bill Pay – Benefit from secure access to your accounts via the Internet. Monitor and track your accounts, transfer funds 24/7, pay bills, and more!FREE 24-Hour Telephone Inquiry – Check your account balance, verify deposits and checks paid, transfer money from one account to another, and access the history of your account from anywhere 24 hours a day.E-Statements – Safe and secure online access to your detailed monthly statements and check images. Availability of Direct Deposits – a convenient service ensuring on-time deposits of your payroll, Social Security or pension funds with same day access Interest paid on tiered basis for balances of $19,999.99 or below and above $20,000.00 and compounded and credited monthlyA limit of 6 pre-authorized transfers or withdrawals per statement cycle.If the transaction limit is exceeded, there is a fee of $10.00 per excess transaction, beginning with the 7th transaction per statement cycle.
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