| The Money Market account offers higher dividend rates than a savings account. There are no monthly or transaction fees as long as you maintain the minimum balance of $2500. Additional details are available below and will also be available in the third quarter newsletter and in statements sent in December. |
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A tier system is used as follows:
Effective 9/1/2010
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$2500 to $9,999 |
0.25% APR |
0.250% APY |
| $10,000 to $24,999 |
0.50% APR |
0.501% APY |
| $25,000+ |
0.75% APR |
0.753% APY | |
- Minimum opening balance: $2500
- Minimum balance to avoid a service fee: $2500
- Minimum balance to earn stated APY: $2500
- Dividend compounded monthly
- Dividends credited monthly
- Dividend period - Calendar month
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Account Limitations and Fees |
- 6 withdrawals per month, whether by preauthorized automatic, telephone transfers, over the counter, or by check
- No ATM or VISA Check Card access allowed
- Returned fee for exceeding withdrawal limitation - $2.00
- Below minimum balance fee - $5.00 monthly
- Nonsufficient funds $27.50 per check
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Once you join, you're a member for life regardless of changes in your employment.
 
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