Money Fund

  • Minimum balance to open a MONEY FUND account – $2500.00.
  • Interest will be compounded and credited to your account every month.
  • If you close your account before interest is credited, you will not receive the accrued interest.
  • A service charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $1500.00 any day of the cycle.
  • A debit charge of $.15 per item will be charged for each debit transaction. This fee will apply if the daily balance is less than $1500.00 on any day during the statement cycle.
  • You cannot make more than a total of 6 transfers in a monthly statement cycle by preauthorized payment or transfers, and no more than 6 of such transactions can be by check, draft or similar order.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Your interest rate and annual percentage yield may change at any time.