Money Market Account:Interest bearing account that allows you to write checks, authorize debit transactions or transfer funds in a combination of 6 debit transactions per month. This account has the many advantages of a savings account with limited check writing privileges. A minimum deposit of $1,000.00 is required to open this account.
In order to earn interest and to avoid the service fee, this account must maintain a minimum daily balance of $1,000.00 or an average daily balance of $2,500.00. A service fee of $3.00 will be applied each statement cycle that the minimum balance requirement is not met.