You can earn preferred rates and enjoy instant liquidity and easy access with limited check writing privileges by opening a Money Market Savings Account. Simply maintain the minimum daily balance and you pay no monthly fee.
Money Market SavingsPrestige Money Market Savings
Money Market Savings
Similar to a regular savings account, a Money Market offers higher interest rates (minimum balance requirements) with check writing ability.
- Required opening deposit $1000
- Minimum daily balance requirement $1000
- Monthly Service charge if daily balance falls below $1000, of $5.00 per month. In addition, you are limited to six withdrawals per month, including checks. If limits are exceeded, account may be closed at Bank’s discretion.
- Monthly statement
Prestige Money Market Savings
- Required opening deposit $5000
- Minimum daily balance requirement $5000
- Monthly Service charge if daily balance falls below $5000, of $12.00 per month. In addition, you are limited to six withdrawals per month, including checks. If limits are exceeded, account may be closed at Bank’s discretion.
- Monthly statement
- Interest rates are tiered. Less than $10,000.00; $10,000.00 – $49,999.99; $50,000.00 and over.
Transfer from a Money Market account to another account or to third parties by pre-authorized, automatic, telephone or internet transfers are limited to six per statement cycle, by check, draft, debit card, or similar order to third parties. If the transfer limits are exceeded in any month, the account may be subject to closure.