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Routing Number:  051403957

Money Market Accounts

Money Market Accounts offer competitive interest rates with convenient access to your funds.*

Benefits and Requirements

  • No annual fees
  • Account holders must be of legal age to open account
  • Two forms of identification (including one picture ID) required to open account

Eligible Account Holders

  • Individuals
  • Non-profit organizations
  • Trust accounts
  • Sole proprietorships
  • Partnerships
  • Corporations

Interest Rates

  • Interest rate will be the same for accounts with balances ranging from $2,500 to $25,000
  • Higher interest rates for accounts with balances over $25,000 and also over $50,000

Balance Computation Method

  • The daily balance method is used to calculate the interest on your account. This applies a daily periodic rate to the principal in the account each day.
  • Interest is compounded monthly by crediting interest to your account on the last day of each statement period.

Transaction Limitations

  • You may make no more than six (6) electronic transfers/withdrawals (includes telephone banking) from a Money Market account per statement cycle.*

The following fees may be assessed to your account:

  • $25.00 fee - NSF check or Electronic Funds Transfer paid creating an overdraft (per item) ($75.00 maximum charge per day)
  • $25.00 fee - check or Electronic Funds Transfer returned for insufficient funds (per item)
  • $25.00 fee - stop payment request (per request)
  • $5.00 fee - minimum balance fee imposed each statement period if the balance in your account falls below $2,500 any day of the statement period
  • $5.00 fee - checks or Electronic Funds Transfer items paid (per item) in excess of six per statement period *
  • $4.00 fee - checks deposited and returned (per check) (This charge only applies to Sole Proprietorships, Partnerships, and Corporations)
  • Check printing fees depend on the style of checks ordered
* Federal Regulations limit the transaction activity on these types of accounts.

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