How is the interest calculated?
Interest is compounded daily and deposited into your account at the end of each statement cycle–the 10th of each month. Please review your statement for clarity when the 10th falls on a weekend or holiday, as interest is paid the first business day prior but calculates to the end of the cycle date.
Are these rates introductory?
No, there is no introductory rate period. The rates shown apply to all new and existing accounts. This is a variable rate account and rates are subject to change at any time.
What rate will be applied to my Money Market account?
You will receive the advertised rate when you open your Money Market account. Please note that this is a variable rate account, and the rate is subject to change at any time. As stated in our disclosure, we do not provide alerts when the rate increases or decreases.
Are there any monthly maintenance fees for the Money Market account?
No, there are no monthly maintenance fees to keep your account active. For details on other services and potential fees, please refer to our Schedule of Fees.
Is there a minimum daily balance required to earn interest?
A minimum balance of is not required to earn interest. Interest is compounded daily and deposited into your account at the end of each cycle. If an account is at a zero balance for 90 consecutive days, it will automatically close.
What is a Money Market Account?
Money Market is a personal interest-bearing account that offers a competitive yield on your balance. It combines the earning potential of a savings account with the transactional flexibility of a checking account, including features like check-writing privileges and debit card.