Money Market Account
- Rate Information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors.
- Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.
- Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
- Effect of closing an account - If you close your deposit account before interest is paid, you will not receive the accrued interest.
- Fees and charges: Please refer to our fee and service charge schedule for transaction limitation fees and other applicable fees.
- Minimum balance requirements: The minimum balance required to open this account is $2,500. You must maintain a minimum daily balance of $2,500.00 in your account to avoid a minimum balance fee. If, during any month, your account balance falls below the required minimum daily balance, your account will be subject to a minimum balance fee of $10.00 monthly. You must maintain a minimum daily balance of $2,500 in your account each day to obtain the disclosed annual percentage yield. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.
