Description:
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The Money Market Savings Account
allows you to save your money and earn a larger percent of
interest than the Passbook Savings Account while imposing
limitations on automatic transactions.
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Requirements:
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- Minimum deposit to open -
$1000.00
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Benefits:
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- Account will earn interest
at rate determined by Community State Bank.
- Interest will be
compounded on a monthly basis*.
* Interest rate may change
after the account is opened
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Cost:
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- There is no monthly service
fee for maintaining a Money Market Savings account.
- Interest rate earned will
be adjusted to the Passbook Savings Account rate if average
daily balance falls below $1000.00
- Transfers from the Money
Market Account to another account or to third parties by
preauthorized, automatic, telephone or computer transfer are limited
to six per month statement cycle with no more than three by
check, draft, or similar order to third parties.
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A.P.Y. = Annual
Percentage Yield |
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Check
the current A.P.Y. and Interest Rate. on this account |